NRS 361.030 “Personal
property” defined. [Effective through November 24, 2014, and after that date
unless the provisions of Senate Joint Resolution No. 15 (2011) are approved and
ratified by the voters at the 2014 General Election.]

NRS 361.030 “Personal
property” defined. [Effective November 25, 2014, if the provisions of Senate
Joint Resolution No. 15 (2011) are approved and ratified by the voters at the
2014 General Election.]

NRS 361.032 “Property
of an interstate or intercounty nature” defined.

NRS 361.0753 Exemption
of extracted minerals and royalties from mineral extraction. [Effective
November 25, 2014, through June 30, 2053, if the provisions of Senate Joint
Resolution No. 15 (2011) are approved and ratified by the voters at the 2014
General Election.]

NRS 361.0757 Exemption
of real property used in extractive operation extracting geothermal resources.
[Effective November 25, 2014, through June 30, 2053, if the provisions of
Senate Joint Resolution No. 15 (2011) are approved and ratified by the voters
at the 2014 General Election.]

NRS 361.077 Exemption
of property used for control of air or water pollution.

NRS 361.157 Exempt
real estate subject to taxation if used as residence or in business conducted
for profit; exceptions. [Effective through November 24, 2014, and after that
date unless the provisions of Senate Joint Resolution No. 15 (2011) are
approved and ratified by the voters at the 2014 General Election.]

NRS 361.157 Exempt
real estate subject to taxation if used as residence or in business conducted
for profit; exceptions. [Effective November 25, 2014, if the provisions of
Senate Joint Resolution No. 15 (2011) are approved and ratified by the voters
at the 2014 General Election.]

NRS 361.159 Exempt
personal property subject to taxation if used in business conducted for profit;
exceptions.

NRS 361.2224 Application
for certificate to include social security number of applicant. [Effective
until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each
state to establish procedures for withholding, suspending and restricting the
professional, occupational and recreational licenses for child support
arrearages and for noncompliance with certain processes relating to paternity
or child support proceedings.]

NRS 361.2225 Statement
by applicant concerning payment of child support; grounds for denial of
certificate; duty of Department. [Effective until the date of the repeal of 42
U.S.C. § 666, the federal law requiring each state to establish procedures for
withholding, suspending and restricting the professional, occupational and
recreational licenses for child support arrearages and for noncompliance with
certain processes relating to paternity or child support proceedings.]

NRS 361.2226 Suspension
of certificate for failure to pay child support or comply with certain
subpoenas or warrants; reinstatement. [Effective until the date of the repeal
of 42 U.S.C. § 666, the federal law requiring each state to establish
procedures for withholding, suspending and restricting the professional,
occupational and recreational licenses for child support arrearages and for
noncompliance with certain processes relating to paternity or child support
proceedings.]

NRS 361.2227 Renewal
of certificate: Application to include information relating to state business
license; grounds for denial of renewal. [Effective January 1, 2014.]

NRS 361.227 Determination
of taxable value. [Effective through November 24, 2014, and after that date
unless the provisions of Senate Joint Resolution No. 15 (2011) are approved and
ratified by the voters at the 2014 General Election.]

NRS 361.227 Determination
of taxable value. [Effective November 25, 2014, if the provisions of Senate
Joint Resolution No. 15 (2011) are approved and ratified by the voters at the
2014 General Election.]

NRS 361.2285 Adoption
of regulations regarding use of income approach for valuation of real property
used to conduct business. [Effective through November 24, 2014, and after that
date unless the provisions of Senate Joint Resolution No. 15 (2011) are
approved and ratified by the voters at the 2014 General Election.]

NRS 361.2285 Adoption
of regulations regarding use of income approach for valuation of real property used
to conduct business. [Effective November 25, 2014, if the provisions of Senate
Joint Resolution No. 15 (2011) are approved and ratified by the voters at the
2014 General Election.]

NRS 361.229 Adjustment
of actual age of improvements in computation of depreciation.

NRS 361.261 Determination
of assessed value of property that is not being reappraised: Adoption of
factors for improvements.

NRS 361.263 Issuance
of subpoenas by county assessors; duty of state and local governmental entities
to provide documents and other information to county assessor; protection of
information from disclosure.

NRS 361.345 Power
of county board of equalization to change valuation of property; review of
changes in valuation and estimation of certain property by county assessor;
notice of addition to assessed valuation.

NRS 361.350 List
of assessments increased by county board of equalization; hearing before State
Board of Equalization.

NRS 361.355 Complaints
of overvaluation or excessive valuation by reason of undervaluation or
nonassessment of other property.

NRS 361.356 Appeal
to county board of equalization where inequity exists.

NRS 361.357 Appeal
to county board of equalization where full cash value of property is less than
its taxable value.

NRS 361.385 Public
sessions; persons may appear by attorney or file statements.

NRS 361.390 Duties
of county assessor; projections for current and upcoming fiscal years.
[Effective through November 24, 2014, and after that date unless the provisions
of Senate Joint Resolution No. 15 (2011) are approved and ratified by the
voters at the 2014 General Election.]

NRS 361.390 Duties
of county assessor; projections for current and upcoming fiscal years.
[Effective November 25, 2014, if the provisions of Senate Joint Resolution No.
15 (2011) are approved and ratified by the voters at the 2014 General
Election.]

NRS 361.395 Equalization
of property values and review of tax rolls by State Board of Equalization;
notice of proposed increase in valuation.

NRS 361.403 Direct
appeals to State Board of Equalization from valuations of Nevada Tax
Commission.

NRS 361.405 Certification
of changes in assessed valuation; notice of increased valuation; duties of
county auditors and tax receivers; inclusion of net proceeds of minerals in
assessed valuation. [Effective through November 24, 2014, and after that date
unless the provisions of Senate Joint Resolution No. 15 (2011) are approved and
ratified by the voters at the 2014 General Election.]

NRS 361.405 Certification
of changes in assessed valuation; notice of increased valuation; duties of
county auditors and tax receivers; inclusion of net proceeds of minerals in
assessed valuation. [Effective November 25, 2014, if the provisions of Senate
Joint Resolution No. 15 (2011) are approved and ratified by the voters at the
2014 General Election.]

NRS 361.606 Leases
for development of oil, gas and geothermal resources: Authority to lease property
held in trust.

NRS 361.607 Leases
for development of oil, gas and geothermal resources: Procedure for leasing.

NRS 361.608 Leases
for development of oil, gas and geothermal resources: Term of lease.

NRS 361.610 Disposition
of amounts received from sale price, rents or redemption of property held in
trust; no charge against county for services of officer; claims for and
agreements concerning recovery of excess proceeds; authorization of person to
file claim and collect property.

NRS 361.615 Liability
of county treasurer for failure to perform duties of trust.

NRS 361.620 Payment
of penalties, interest and costs into county general fund.

Suits for Delinquent Taxes

NRS 361.625 Payment
of delinquent taxes before sale and institution of suit; filing of tax receipt.

NRS 361.630 Service
of tax receipt upon district attorney: Effect; liability for negligence.

NRS 361.635 Preparation
and delivery of certified lists of delinquencies to district attorney;
commencement of action.

NRS 361.920 Allodial
Title Trust Account; regulations of State Treasurer.

_________

NOTE: The section added to chapter 361 by
section 7 of chapter 331, Statutes of Nevada 2001, has been codified as NRS 427A.522.

_________

GENERAL PROVISIONS

NRS 361.010Definitions.As
used in this chapter, unless the context otherwise requires, the words and
terms defined in NRS 361.013 to 361.043, inclusive, have the meanings ascribed to them
in those sections.

NRS 361.013“Billboard” defined.“Billboard”
means a sign that directs attention to a business, commodity, service,
entertainment or attraction that is sold, offered or exists at a location other
than the premises on which the sign is located.

(b) A valid driver’s license or identification
card issued by the Department of Motor Vehicles of this state, other than such
an identification card which indicates that the person is a seasonal resident.

NRS 361.017“Camper shell” defined.“Camper
shell” means a covered canopy which is mounted on a motor vehicle, and which is
not equipped with permanent facilities for the preparation or storage of food
or for sleeping purposes.

NRS 361.027“Geothermal resource” defined.“Geothermal
resource” means the natural heat of the earth and the energy associated with
that natural heat, pressure and all dissolved or entrained minerals that may be
obtained from the medium used to transfer that heat, but excluding hydrocarbons
and helium.

(Added to NRS by 1973, 1114; A 1981, 660)

NRS 361.028“Manufactured home” defined.“Manufactured
home” has the meaning ascribed to it in NRS
489.113.

NRS 361.029“Mobile home” defined.“Mobile
home” means a vehicular structure, built on a chassis or frame, which is
designed to be used with or without a permanent foundation and is capable of
being drawn by a motor vehicle. It may be used as a dwelling when connected to
utilities or may be used permanently or temporarily for the advertising, sales,
display or promotion of merchandise or services. The term does not include a
recreational park trailer as defined in NRS
482.1005.

NRS 361.030“Personal property” defined. [Effective through November 24,
2014, and after that date unless the provisions of Senate Joint Resolution No.
15 (2011) are approved and ratified by the voters at the 2014 General
Election.]

1. “Personal property” means:

(a) All household and kitchen furniture.

(b) All law, medical and miscellaneous libraries.

(c) All goods, wares and merchandise.

(d) All chattels of every kind and description,
except vehicles as defined in NRS 371.020.

(e) Stocks of goods on hand.

(f) Any vehicle not included in the definition of
vehicle in NRS 371.020.

(g) All locomotives, cars, rolling stock and
other personal property used in operating any railroad within the State.

(h) All machines and machinery, all works and
improvements, all steamers, vessels and watercraft of every kind and name
navigating or used upon the waters of any river or lake within this State or
having a general depot or terminus within this State.

(i) The money, property and effects of every
kind, except real estate, of all banks, banking institutions or firms, bankers,
moneylenders and brokers.

(j) All property of whatever kind or nature,
except vehicles as defined in NRS 371.020,
not included in the term “real estate” as that term is defined in NRS 361.035.

2. Gold-bearing and silver-bearing ores,
quartz or minerals from which gold or silver is extracted, when in the hands of
the producers thereof, shall not mean, not be taken to mean, nor be listed and
assessed under the term “personal property” as used in this section, but are
specially excepted therefrom, and shall be listed, assessed and taxed as
provided by law.

[Part 3:344:1953]—(NRS A 1963, 305, 1121; 1983, 1191)

NRS 361.030“Personal property”
defined. [Effective November 25, 2014, if the provisions of Senate Joint
Resolution No. 15 (2011) are approved and ratified by the voters at the 2014
General Election.]“Personal
property” means:

1. All household and kitchen furniture.

2. All law, medical and miscellaneous
libraries.

3. All goods, wares and merchandise.

4. All chattels of every kind and
description, except vehicles as defined in NRS
371.020.

5. Stocks of goods on hand.

6. Any vehicle not included in the
definition of vehicle in NRS 371.020.

7. All locomotives, cars, rolling stock
and other personal property used in operating any railroad within the State.

8. All machines and machinery, all works
and improvements, all steamers, vessels and watercraft of every kind and name
navigating or used upon the waters of any river or lake within this State or
having a general depot or terminus within this State.

9. The money, property and effects of
every kind, except real estate, of all banks, banking institutions or firms,
bankers, moneylenders and brokers.

10. All property of whatever kind or
nature, except vehicles as defined in NRS
371.020, not included in the term “real estate” as that term is defined in NRS 361.035.

[Part 3:344:1953]—(NRS A 1963, 305, 1121; 1983, 1191;
2013, 3115,
effective November 25, 2014, if the provisions of Senate Joint Resolution No.
15 (2011) are approved and ratified by the voters at the 2014 General Election)

NRS 361.032“Property of an interstate or intercounty nature” defined.“Property of an interstate or intercounty
nature” means tangible property that:

(a) All houses, buildings, fences, ditches,
structures, erections, railroads, toll roads and bridges, or other improvements
built or erected upon any land, whether such land is private property or
property of this state or of the United States, or of any municipal or other
corporation, or of any county, city or town in this state.

(b) Any mobile home, factory-built housing or
manufactured home which meets the requirements of NRS
361.244.

(c) The ownership of, or claim to, or possession
of, or right of possession to any lands within this state.

(d) The claim by or the possession of any person,
firm, corporation, association or company to any land.

2. The property described in subsection 1
must be listed under the head of “real estate.”

3. Except as otherwise provided in NRS 361.2445, when an agreement has been entered
into, whether in writing or not, or when there is sufficient reason to believe
that an agreement has been entered into, for the dismantling, moving or
carrying away or wrecking of the property described in subsection 1, the
property must be classified as personal property, and not real estate.

4. For the purposes of this chapter, “real
estate” or “real property” does not include leasehold or other possessory
interests in land owned by the Federal Government on which land the Federal
Government is paying taxes to the State of Nevada or is, pursuant to
contractual obligation, paying any sum in lieu of taxes to the State of Nevada.

NRS 361.040“Resident” defined.“Resident”
means a person who has established a residence in the State of Nevada, and has
actually resided in this state for at least 6 months.

[Part 3:344:1953]

NRS 361.042“Slide-in camper” defined.“Slide-in
camper” means a portable unit designed to be loaded and unloaded from the bed
of a pickup truck, and so constructed as to provide temporary living quarters
for travel, camping or recreational use. The term does not include a camper
shell.

NRS 361.0435County assessor: Dissemination to public of information
concerning taxation of property.

1. A county assessor may, by regular mail,
electronic means or any other means the assessor deems appropriate, disseminate
information to the public concerning the taxation of property, including,
without limitation, information relating to the valuation and assessment of
property, exemptions from taxation, the declaration of a homestead and programs
for the assistance of senior citizens.

2. Any information provided pursuant to
subsection 1 must, to the extent practicable, be in a form that is easily
understood and readily accessible to the public.

NRS 361.044County assessor: Duty to keep certain proprietary information
concerning taxpayer confidential.Except
as otherwise provided in NRS 239.0115
and 360.250 and except for information
required to be transmitted to the Department, each county assessor shall, at
the request of a taxpayer, keep any proprietary information concerning the
taxpayer received pursuant to this chapter confidential.

1. The Department shall, to the extent
feasible, provide information on its website or other Internet site concerning
property taxes, including, without limitation:

(a) A description of the assessment process;

(b) An explanation of the manner in which
property taxes are calculated;

(c) The rates of taxes imposed by various taxing
entities; and

(d) The revenues generated by those taxes.

2. The information provided pursuant to
subsection 1 must, to the extent practicable, be in a form that is easily
understood and readily accessible to the public. The Department shall
coordinate with each county in this State to disseminate information concerning
property taxes and revenue including, without limitation, by providing links
from the website or other Internet site maintained pursuant to subsection 1 to
similar websites or other Internet sites maintained by counties in this State.

3. Each county assessor and county
treasurer shall, to the extent feasible, provide on a website or other Internet
site, if any, that is operated or administered by or on behalf of the county or
the county assessor or treasurer, information that is similar to the
information provided by the Department pursuant to subsection 1. The
information must, to the extent practicable, be in a form that is easily
understood and readily accessible to the public.

4. The Department and each county shall
update and upgrade the websites or other Internet sites maintained pursuant to
this section to the extent necessary to improve the quantity, quality and
accessibility of the information provided to the public on the Internet.

NRS 361.045Taxable property.Except
as otherwise provided by law, all property of every kind and nature whatever
within this state shall be subject to taxation.

[Part 1:344:1953; A 1954, 29; 1955, 340]

NRS 361.050United States property exempted.All
lands and other property owned by the United States, not taxable because of the
Constitution or laws of the United States, shall be exempt from taxation.

[Part 1:344:1953; A 1954, 29; 1955, 340]

NRS 361.055Exemption of state lands and property generally; payments by
Department of Wildlife in lieu of taxes; apportionment of payments.

1. All lands and other property owned by
the State are exempt from taxation, except real property acquired by the State
of Nevada and assigned to the Department of Wildlife which is or was subject to
taxation under the provisions of this chapter at the time of acquisition.

2. In lieu of payment of taxes on each
parcel of real property acquired by it which is subject to assessment and
taxation pursuant to subsection 1, the Department of Wildlife shall make annual
payments to the county tax receiver of the county wherein each such parcel of
real property is located of an amount equal to the total taxes levied and
assessed against each such parcel of real property in the year in which title
to it was acquired by the State of Nevada.

3. Such payments in lieu of taxes must be
collected and accounted for in the same manner as taxes levied and assessed
against real property pursuant to this chapter are collected and accounted for.

4. Money received pursuant to this section
must be apportioned each year to the counties, school districts and cities
wherein each such parcel of real property is located in the proportion that the
tax rate of each such political subdivision bears to the total combined tax
rate in effect for that year.

1. All lands and other property owned by
the Nevada Rural Housing Authority or any county, domestic municipal
corporation, irrigation drainage or reclamation district or town in this state
are exempt from taxation, except as otherwise provided in NRS 539.213 with respect to certain
community pastures.

2. Real property acquired on or after July
1, 2003, by a conservation district pursuant to NRS 548.393 is exempt from taxation.

NRS 361.0605Property related to public use of privately owned park exempted;
exclusion.

1. The acquisition, improvement or use of
land by the public as a park is a municipal purpose, whether or not the park is
owned or operated by a local government.

2. The real property and improvements of a
privately owned park which, pursuant to an agreement with a local government,
are used by the public without charge, excluding areas from which income is
derived, are exempt from taxation.

NRS 361.061Property related to public use of privately owned airport
exempted; exclusion.

1. The acquisition, improvement or use of
land by the public as an airport is a municipal purpose, whether or not the
airport is owned or operated by a local government.

2. The real property and improvements of a
privately owned airport which are used by the public without charge, including
areas used for taking off, landing and taxiing but excluding areas from which
income is derived, are exempt from taxation.

NRS 361.062Property of trusts for furtherance of public functions exempted.All property, both real and personal, of a
trust created for the benefit and furtherance of any public function pursuant
to the provisions of general or special law is exempt from taxation; but moneys
in lieu of taxes may be paid to the beneficiary pursuant to any agreement
contained in the instrument creating the trust.

(Added to NRS by 1971, 1036; A 1975, 1408)

NRS 361.065Property of school districts and charter schools exempted.All lots, buildings and other school property
owned by any legally created school district or charter school within the State
and devoted to public school purposes are exempt from taxation.

NRS 361.067Vehicles exempted.All
vehicles, as defined in NRS 371.020,
are exempt from taxation under the provisions of this chapter, except mobile
homes which constitute “real estate” or “real property.”

(c) Raw materials and components held by a
manufacturer for manufacture into products, and supplies to be consumed in the
process of manufacture;

(d) Tangible personal property purchased by a
business which will be consumed during the operation of the business;

(e) Livestock;

(f) Colonies of bees;

(g) Pipe and other agricultural equipment used to
convey water for the irrigation of legal crops;

(h) All boats;

(i) Slide-in campers and camper shells;

(j) Except as otherwise provided in NRS 361.186, fine art for public display; and

(k) All personal property that is:

(1) Owned by a person who is not a
resident of this state; and

(2) Located in this state solely for the
purposes of a display, exhibition, convention, carnival, fair or circus that is
transient in nature.

2. The Nevada Tax Commission may exempt
from taxation that personal property for which the annual taxes would be less
than the cost of collecting those taxes. If such an exemption is provided, the
Nevada Tax Commission shall annually determine the average cost of collecting
property taxes in this state which must be used in determining the
applicability of the exemption.

3. A person claiming the exemption
provided for in paragraph (j) of subsection 1 shall:

(a) On or before June 15 for the next ensuing
fiscal year, file with the county assessor an affidavit declaring that the fine
art will, during that ensuing fiscal year, meet all the criteria set forth in
paragraph (b) of subsection 4; and

(b) During any fiscal year in which the person
claims the exemption, make available for educational purposes and not for
resale, upon written request and without charge to any public school as defined
in NRS 385.007, private school as
defined in NRS 394.103 and parent of a
child who receives instruction in a home pursuant to NRS 392.070, one copy of a poster depicting
the fine art that the facility has on public display if such a poster is
available for purchase by the public at the time of the request.

4. As used in this section:

(a) “Boat” includes any vessel or other
watercraft, other than a seaplane, used or capable of being used as a means of
transportation on the water.

(b) “Fine art for public display”:

(1) Except as otherwise provided in
subparagraph (2), means a work of art which:

(I) Is an original painting in oil,
mineral, water colors, vitreous enamel, pastel or other medium, an original
mosaic, drawing or sketch, an original sculpture of clay, textiles, fiber,
wood, metal, plastic, glass or a similar material, an original work of mixed
media or a lithograph;

(II) Was purchased in an arm’s length
transaction for $25,000 or more, or has an appraised value of $25,000 or more;

(III) Is on public display in a
public or private art gallery, museum or other building or area in this state
for at least 20 hours per week during at least 35 weeks of each year for which
the exemption is claimed or, if the facility displaying the fine art disposes
of it before the end of that year, during at least two-thirds of the full weeks
during which the facility had possession of it, or if the gallery, museum or other
building or area in which the fine art will be displayed will not be opened
until after the beginning of the fiscal year for which the exemption is
claimed, these display requirements must be met for the first full fiscal year
after the date of opening, and the date of opening must not be later than 2
years after the purchase of the fine art being displayed; and

(IV) Is on display in a facility
that is available for group tours by pupils or students for at least 5 hours on
at least 60 days of each full year for which the exemption is claimed, during
which the facility in which it is displayed is open, by prior appointment and
at reasonable times, without charge; and

(2) Does not include:

(I) A work of fine art that is a
fixture or an improvement to real property;

(II) A work of fine art that
constitutes a copy of an original work of fine art, unless the work is a
lithograph that is a limited edition and that is signed and numbered by the
artist;

(V) Property used in the performing
arts, including, without limitation, scenery or props for a stage; or

(VI) Property that was created for a
functional use other than, or in addition to, its aesthetic qualities,
including, without limitation, a classic or custom-built automobile or boat, a
sign that advertises a business, and custom or antique furniture, lamps,
chandeliers, jewelry, mirrors, doors or windows.

(c) “Personal property held for sale by a
merchant” includes property that:

(1) Meets the requirements of
sub-subparagraphs (I) and (II) of subparagraph (1) of paragraph (b);

(2) Is made available for sale within 2
years after it is acquired; and

(3) Is made available for viewing by the
public or prospective purchasers, or both, within 2 years after it is acquired,
whether or not a fee is charged for viewing it and whether or not it is also
used for purposes other than viewing.

(d) “Public display” means the display of a work
of fine art where members of the public have access to the work of fine art for
viewing during publicly advertised hours. The term does not include the display
of a work of fine art in an area where the public does not generally have
access, including, without limitation, a private office, hallway or meeting
room of a business, a room of a business used for private lodging and a private
residence.

(e) “Pupil” means a person who:

(1) Is enrolled for the current academic
year in a public school as defined in NRS
385.007 or a private school as defined in NRS 394.103; or

(2) Receives instruction in a home and is
excused from compulsory attendance pursuant to NRS 392.070.

(f) “Student” means a person who is enrolled for
the current academic year in:

NRS 361.0687Partial abatement of taxes imposed on certain new or expanded
businesses. [Effective through June 30, 2017.]

1. A person who intends to locate or
expand a business in this State may, pursuant to NRS 360.750, apply to the Office of
Economic Development for a partial abatement from the taxes imposed by this
chapter.

2. For a business to qualify pursuant to NRS 360.750 for a partial abatement from
the taxes imposed by this chapter, the Office of Economic Development must
determine that, in addition to meeting the other requirements set forth in
subsection 2 of that section:

(a) If the business is a new business in a county
whose population is 100,000 or more or a city whose population is 60,000 or
more:

(1) The business will, not later than the
date which is 2 years after the date on which the abatement becomes effective,
make a capital investment in the county or city of:

(I) At least $5,000,000 if the
business is an industrial or manufacturing business; or

(II) At least $1,000,000 if the
business is not an industrial or manufacturing business,

Ê in capital
assets that will be retained at the location of the business in that county or
city until at least the date which is 5 years after the date on which the
abatement becomes effective; and

(2) The average hourly wage that will be
paid by the new business to its employees in this State is at least 100 percent
of the average statewide hourly wage as established by the Employment Security
Division of the Department of Employment, Training and Rehabilitation on July 1
of each fiscal year.

(b) If the business is a new business in a county
whose population is less than 100,000 or a city whose population is less than
60,000:

(1) The business will, not later than the
date which is 2 years after the date on which the abatement becomes effective,
make a capital investment in the county or city of:

(I) At least $1,000,000 if the
business is an industrial or manufacturing business; or

(II) At least $250,000 if the
business is not an industrial or manufacturing business,

Ê in capital
assets that will be retained at the location of the business in that county or
city until at least the date which is 5 years after the date on which the
abatement becomes effective; and

(2) The average hourly wage that will be
paid by the new business to its employees in this State is at least 100 percent
of the average statewide hourly wage or the average countywide hourly wage,
whichever is less, as established by the Employment Security Division of the
Department of Employment, Training and Rehabilitation on July 1 of each fiscal
year.

3. Except as otherwise provided in
subsection 4 and NRS 701A.210, if a
partial abatement from the taxes imposed by this chapter is approved by the
Office of Economic Development pursuant to NRS
360.750:

(a) The partial abatement must:

(1) Be for a duration of at least 1 year
but not more than 10 years;

(2) Not exceed 50 percent of the taxes on
personal property payable by a business each year pursuant to this chapter; and

(3) Be administered and carried out in the
manner set forth in NRS 360.750.

(b) The Executive Director of the Office of
Economic Development shall notify the county assessor of the county in which
the business is or will be located of the approval of the partial abatement,
including, without limitation, the duration and percentage of the partial
abatement that the Office granted. The Executive Director shall, on or before
April 15 of each year, advise the county assessor of each county in which a
business qualifies for a partial abatement during the current fiscal year as to
whether the business is still eligible for the partial abatement in the next
succeeding fiscal year.

4. Except as otherwise provided in NRS 701A.210, if a partial abatement
from the taxes imposed by this chapter is approved by the Office of Economic
Development pursuant to NRS 360.750 for
a business which is or will be located in a foreign trade zone in this State,
the partial abatement must:

(a) Be for a duration of at least 1 year but not
more than 5 years; and

(b) Not exceed 75 percent of the taxes on
personal property payable by a business each year pursuant to this chapter.

5. As used in this section, “foreign trade
zone” means an activated foreign trade zone established, operated and
maintained in accordance with chapter 237A
of NRS and any applicable federal laws.

NRS 361.0687Partial abatement of
taxes imposed on certain new or expanded businesses. [Effective July 1, 2017,
through June 30, 2032.]

1. A person who intends to locate or
expand a business in this State may, pursuant to NRS 360.750, apply to the Office of
Economic Development for a partial abatement from the taxes imposed by this
chapter.

2. For a business to qualify pursuant to NRS 360.750 for a partial abatement from
the taxes imposed by this chapter, the Office of Economic Development must
determine that, in addition to meeting the other requirements set forth in
subsection 2 of that section:

(a) If the business is a new business in a county
whose population is 100,000 or more or a city whose population is 60,000 or
more:

(1) The business will, not later than the
date which is 2 years after the date on which the abatement becomes effective,
make a capital investment in the county or city of:

(I) At least $50,000,000 if the
business is an industrial or manufacturing business; or

(II) At least $5,000,000 if the
business is not an industrial or manufacturing business,

Ê in capital
assets that will be retained at the location of the business in that county or
city until at least the date which is 5 years after the date on which the
abatement becomes effective; and

(2) The average hourly wage that will be
paid by the new business to its employees in this State is at least 100 percent
of the average statewide hourly wage as established by the Employment Security
Division of the Department of Employment, Training and Rehabilitation on July 1
of each fiscal year.

(b) If the business is a new business in a county
whose population is less than 100,000 or a city whose population is less than
60,000:

(1) The business will, not later than the
date which is 2 years after the date on which the abatement becomes effective,
make a capital investment in the county or city of:

(I) At least $5,000,000 if the
business is an industrial or manufacturing business; or

(II) At least $500,000 if the
business is not an industrial or manufacturing business,

Ê in capital
assets that will be retained at the location of the business in that county or
city until at least the date which is 5 years after the date on which the
abatement becomes effective; and

(2) The average hourly wage that will be
paid by the new business to its employees in this State is at least 100 percent
of the average statewide hourly wage or the average countywide hourly wage,
whichever is less, as established by the Employment Security Division of the
Department of Employment, Training and Rehabilitation on July 1 of each fiscal
year.

3. Except as otherwise provided in NRS 701A.210, if a partial abatement
from the taxes imposed by this chapter is approved by the Office of Economic
Development pursuant to NRS 360.750:

(a) The partial abatement must:

(1) Be for a duration of at least 1 year
but not more than 10 years;

(2) Not exceed 50 percent of the taxes on
personal property payable by a business each year pursuant to this chapter; and

(3) Be administered and carried out in the
manner set forth in NRS 360.750.

(b) The Executive Director of the Office of
Economic Development shall notify the county assessor of the county in which
the business is or will be located of the approval of the partial abatement,
including, without limitation, the duration and percentage of the partial
abatement that the Office granted. The Executive Director shall, on or before
April 15 of each year, advise the county assessor of each county in which a
business qualifies for a partial abatement during the current fiscal year as to
whether the business is still eligible for the partial abatement in the next
succeeding fiscal year.

NRS 361.0687Partial abatement of
taxes imposed on certain new or expanded businesses. [Effective July 1, 2032.]

1. A person who intends to locate or
expand a business in this State may, pursuant to NRS 360.750, apply to the Office of
Economic Development for a partial abatement from the taxes imposed by this
chapter.

2. For a business to qualify pursuant to NRS 360.750 for a partial abatement from
the taxes imposed by this chapter, the Office of Economic Development must
determine that, in addition to meeting the other requirements set forth in
subsection 2 of that section:

(a) If the business is a new business in a county
whose population is 100,000 or more or a city whose population is 60,000 or
more:

(1) The business will make a capital
investment in the county of at least $50,000,000 if the business is an
industrial or manufacturing business or at least $5,000,000 if the business is
not an industrial or manufacturing business; and

(2) The average hourly wage that will be
paid by the new business to its employees in this State is at least 100 percent
of the average statewide hourly wage as established by the Employment Security
Division of the Department of Employment, Training and Rehabilitation on July 1
of each fiscal year.

(b) If the business is a new business in a county
whose population is less than 100,000 or a city whose population is less than
60,000:

(1) The business will make a capital
investment in the county of at least $5,000,000 if the business is an
industrial or manufacturing business or at least $500,000 if the business is
not an industrial or manufacturing business; and

(2) The average hourly wage that will be
paid by the new business to its employees in this State is at least 100 percent
of the average statewide hourly wage or the average countywide hourly wage,
whichever is less, as established by the Employment Security Division of the
Department of Employment, Training and Rehabilitation on July 1 of each fiscal
year.

3. Except as otherwise provided in NRS 701A.210, if a partial abatement
from the taxes imposed by this chapter is approved by the Office of Economic
Development pursuant to NRS 360.750:

(a) The partial abatement must:

(1) Be for a duration of at least 1 year
but not more than 10 years;

(2) Not exceed 50 percent of the taxes on
personal property payable by a business each year pursuant to this chapter; and

(3) Be administered and carried out in the
manner set forth in NRS 360.750.

(b) The Executive Director of the Office of
Economic Development shall notify the county assessor of the county in which
the business is located of the approval of the partial abatement, including,
without limitation, the duration and percentage of the partial abatement that
the Office granted. The Executive Director shall, on or before April 15 of each
year, advise the county assessor of each county in which a business qualifies
for a partial abatement during the current fiscal year as to whether the
business is still eligible for the partial abatement in the next succeeding
fiscal year.

1. Except as otherwise provided in this
section, household goods and furniture are exempt from taxation.

2. Except as otherwise provided in
subsection 3, appliances and furniture which are owned by a person who engages
in the business of renting the appliances or furniture to other persons are not
exempt from taxation.

3. Except as otherwise provided in this
subsection, the assessment of rented or leased appliances or furniture, or
both, of a time-share project governed by the provisions of chapter 119A of NRS, which contains five or
more units, must be reduced by a percentage equal to the average percentage of
time that all of the units are occupied by an owner of a time share in the
project. If the units of the time-share project are occupied by owners of time
shares in the project for an average of more than 90 percent of the fiscal
year, the rented or leased appliances or furniture, or both, are exempt from
taxation. As used in this subsection:

(a) “Household goods and furniture” includes,
without limitation, the following items if used in a residence:

(1) Clothing;

(2) Personal effects;

(3) Gold and silver;

(4) Jewelry;

(5) Appliances that are not attached to
real property or a mobile or manufactured home;

(6) Furniture;

(7) Recreational equipment not required by
NRS to be registered; and

(8) Portable goods and storage sheds and
other household equipment.

(b) “Engages in the business of renting appliances
or furniture” means:

(1) Renting or leasing appliances or
furniture, or both, to other persons not in conjunction with the rental or
lease of a dwelling unit; or

(2) Renting or leasing appliances or
furniture, or both, to other persons in conjunction with the rental or lease of
a dwelling unit located in a complex containing five or more dwelling units
which are rented or leased by the owner to other persons in conjunction with
appliances or furniture, or both.

1. Drainage ditches and canals, together
with the lands which are included in the rights-of-way of the ditch or canal,
are exempted from taxation and must be excluded from the assessed value of the
parcel unless otherwise requested by the owner of the property.

2. Each part of a permanently installed
irrigation system of pipes or concrete linings of ditches and headgates to
increase efficiency and conservation in the use of water, when the water is to
be used for irrigation and agricultural purposes on land devoted to
agricultural purposes by the owner of the pipes or concrete linings is exempted
from taxation and must be excluded from the assessed value of the parcel.

NRS 361.073Property of water users’ nonprofit associations and nonprofit
cooperative corporations exempted.All
real and personal property of a water users’ nonprofit association or of a
water users’ nonprofit cooperative corporation within the State of Nevada is
exempt from taxation, but such property shall be taxed when it is used for any
purpose other than carrying out the legitimate functions of such nonprofit
association or of a water users’ nonprofit cooperative corporation.

(Added to NRS by 1969, 1422)

NRS 361.075Exemption of unpatented mines and mining claims.Unpatented mines and mining claims shall be
exempt from taxation, but nothing in this section shall be so construed as to:

1. Exempt from taxation possessory claims
to the public lands of the United States or of this state, or improvements
thereon, or the proceeds of the mines; and

2. Interfere with the primary title to the
lands belonging to the United States.

[Part 1:344:1953; A 1954, 29; 1955, 340]

NRS 361.0753Exemption of extracted minerals and royalties from mineral
extraction. [Effective November 25, 2014, through June 30, 2053, if the
provisions of Senate Joint Resolution No. 15 (2011) are approved and ratified
by the voters at the 2014 General Election.]The
following personal property is exempt from taxation:

1. Extracted
minerals, which are measured by the gross yield and net proceeds from mineral
extraction, if the person who engaged in the mineral extraction is subject to
the excise tax upon mineral extraction pursuant to the provisions of NRS 362.100 to 362.240, inclusive, but only when the
extracted minerals are in the possession of the person who engaged in the
mineral extraction.

2. The royalties received from mineral
extraction if the person who received the royalties is subject to the excise
tax upon royalties pursuant to the provisions of NRS 362.100 to 362.240, inclusive.

(Added to NRS by 2013, 3114,
effective November 25, 2014, through June 30, 2053, if the provisions of Senate
Joint Resolution No. 15 (2011) are approved and ratified by the voters at the
2014 General Election)

NRS 361.0757Exemption of real property used in extractive operation
extracting geothermal resources. [Effective November 25, 2014, through June 30,
2053, if the provisions of Senate Joint Resolution No. 15 (2011) are approved
and ratified by the voters at the 2014 General Election.]

1. Except as otherwise provided in
subsection 2 of NRS 362.100, real
property that is used in an extractive operation extracting geothermal
resources is exempt from taxation if the person who engaged in the mineral
extraction is subject to the excise tax upon mineral extraction pursuant to the
provisions of NRS 362.100 to 362.240, inclusive.

2. As used in this section, “extractive
operation” has the meaning ascribed to it in NRS
362.010.

(Added to NRS by 2013, 3114,
effective November 25, 2014, through June 30, 2053, if the provisions of Senate
Joint Resolution No. 15 (2011) are approved and ratified by the voters at the
2014 General Election)

NRS 361.077Exemption of property used for control of air or water
pollution.

1. All property, both real and personal,
is exempt from taxation to the extent that the property is used as a facility,
device or method for the control of air or water pollution.

2. As used in this section, “facility,
device or method for the control of air or water pollution” means any land,
structure, building, installation, excavation, machinery, equipment or device
or any addition to, reconstruction, replacement, or improvement of land or an
existing structure, building, installation, excavation, machinery, equipment or
device used, constructed, acquired or installed after January 1, 1965, if the
primary purpose of the use, construction, acquisition or installation is compliance
with law or standards required by any environmental protection agency,
authorized by and acting under the authority of the United States or the State
of Nevada or any of its political subdivisions, for the prevention, control or
reduction of air or water pollution.

3. As used in this section, “facility,
device or method for the control of air or water pollution” does not include:

(a) Air conditioners, septic tanks or other
facilities for human waste, nor any property installed, constructed or used for
the moving of sewage to the collection facilities of a public or quasi-public
sewage system.

(b) Any facility or device having a value of less
than $1,000 at the time of its construction, installation or first use.

(c) Any facility or device which produces a net
profit to the owner or operator thereof from the recovery and sale or use of a
tangible product or by-product, nor does it include a facility or device which,
when installed and operating, results in a net reduction of operating costs.

4. The exemption may be allowed only to a
person who files an affidavit declaring that the property for which the
exemption is being sought meets the requirements of subsection 1. The affidavit
must be filed with the claim for the exemption pursuant to NRS 361.155.

5. The Department shall prepare and
publish a report each fiscal year showing:

(a) The assessed value of properties within each
county which are exempt from taxation under this section;

(b) The loss in tax revenues to the State General
Fund and to each local taxing entity from the exemption; and

(c) Such other information as the Department may
deem relevant to indicate the effect of the loss of tax revenue on the State
and on local taxing entities.

Ê Each county
assessor shall provide the Department with the data it needs to complete the
report required by this section.

1. Residential property to the extent of
$1,000 assessed valuation is exempt from taxation if the property:

(a) Is owned and occupied by a resident of this
state;

(b) Contains a shelter for protection against
radioactive fallout;

(c) The shelter has sufficient space to protect
the number of persons who normally occupy the residence; and

(d) The shelter provides at least 40 times more
protection against radiation to a person inside the shelter than to a person
outside the shelter.

2. Any person claiming this exemption must
file with the county assessor an affidavit declaring that:

(a) The person is a resident of the State of
Nevada;

(b) The shelter meets the requirements of
subsection 1; and

(c) The person has not claimed a similar
exemption for the current year in any other county in this state.

(Added to NRS by 1981, 1179)

NRS 361.080Exemption of property of surviving spouses.

1. The property of surviving spouses, not
to exceed the amount of $1,000 assessed valuation, is exempt from taxation, but
no such exemption may be allowed to anyone but a bona fide resident of this
State, and must be allowed in but one county in this State to the same family.

2. For the purpose of this section,
property in which the surviving spouse has any interest shall be deemed the
property of the surviving spouse.

3. The person claiming such an exemption
must file with the county assessor an affidavit declaring that the person is a
bona fide resident of this State and that the exemption has been claimed in no
other county in this State. The affidavit must be made before the county
assessor or a notary public. After the filing of the original affidavit, the
county assessor shall, except as otherwise provided in this subsection, mail a
form for renewal of the exemption to the person each year following a year in
which the exemption was allowed for that person. The form must be designed to
facilitate its return by mail by the person claiming the exemption. If so
requested by the person claiming the exemption, the county assessor may provide
the form to the person by electronic means in lieu of by mail. The county assessor
may authorize the return of the form by electronic means in accordance with the
provisions of chapter 719 of NRS.

4. A surviving spouse is not entitled to
the exemption provided by this section in any fiscal year beginning after any
remarriage, even if the remarriage is later annulled.

5. If any person files a false affidavit
or provides false proof to the county assessor or a notary public and, as a
result of the false affidavit or false proof, the person is allowed a tax
exemption to which the person is not entitled, the person is guilty of a gross
misdemeanor.

6. Beginning with the 2005-2006 Fiscal
Year, the monetary amount in subsection 1 must be adjusted for each fiscal year
by adding to the amount the product of the amount multiplied by the percentage
increase in the Consumer Price Index (All Items) from July 2003 to the July
preceding the fiscal year for which the adjustment is calculated. The
Department shall provide to each county assessor the adjusted amount, in
writing, on or before September 30 of each year.

1. That portion of real property and
tangible personal property which is used for housing and related facilities for
persons with low incomes is exempt from taxation if the portion of property
qualifies as a low-income unit and is part of a qualified low-income housing
project that is funded in part by federal money appropriated pursuant to 42
U.S.C. §§ 12701 et seq. for the year in which the exemption applies.

2. The portion of a qualified low-income
housing project that is entitled to the property tax exemption pursuant to
subsection 1 must be determined by dividing the total assessed value of the
housing project and the land upon which it is situated into the assessed value
of the low-income units and related facilities that are occupied by or used
exclusively for persons with low incomes.

3. The Nevada Tax Commission shall, by
regulation, prescribe a form for an application for the exemption described in
subsection 1. After an original application is filed, the county assessor of
the county in which the housing project is located may mail a form for the
renewal of the exemption to the owner of the housing project each year
following a year in which the exemption was allowed for that project.

4. A renewal form returned to a county
assessor must indicate the total number of units in the housing project and the
number of units used for housing and related facilities for persons with low
incomes. If the owner of a housing project fails to provide a properly
completed renewal form to the county assessor of the county in which the
project is located by the date required in NRS 361.155,
except as otherwise provided in subsection 6 of that section, or fails to
qualify for the exemption described in subsection 1, the owner is not entitled
to the exemption in the following fiscal year.

5. As used in this section, the terms
“low-income unit” and “qualified low-income housing project” have the meanings
ascribed to them in 26 U.S.C. § 42.

NRS 361.083Exemption of certain property and buildings used for care or
relief of orphan children, or of sick, infirm or indigent persons.The property on which stands a hospital or
other charitable asylum for the care or relief of orphan children, or of sick,
infirm or indigent persons, owned by a nonprofit corporation organized or
existing pursuant to chapter 82 of NRS,
together with the buildings, while occupied for those objects and purposes, is
exempt from taxation.

1. The property of each person who is
blind, not to exceed the amount of $3,000 of assessed valuation, is exempt from
taxation, including community property to the extent only of the interest therein
of the person who is blind, but no such exemption may be allowed to anyone but
a bona fide resident of this State, and must be allowed in but one county in
this State on account of the same person.

2. The person claiming such an exemption
must file with the county assessor an affidavit declaring that the person is a bona
fide resident of the State of Nevada who meets all the other requirements for
the exemption and that the exemption is not claimed in any other county in this
State. The affidavit must be made before the county assessor or a notary
public. After the filing of the original affidavit, the county assessor shall,
except as otherwise provided in this subsection, mail a form for renewal of the
exemption to the person each year following a year in which the exemption was
allowed for that person. The form must be designed to facilitate its return by
mail by the person claiming the exemption. If so requested by the person
claiming the exemption, the county assessor may provide the form to the person
by electronic means in lieu of by mail. The county assessor may authorize the
return of the form by electronic means in accordance with the provisions of chapter 719 of NRS.

3. Upon first claiming the exemption in a
county the claimant shall furnish to the assessor a certificate of a licensed
physician setting forth that the physician has examined the claimant and has
found him or her to be a person who is blind.

4. If any person files a false affidavit
or provides false proof to the county assessor or a notary public and, as a
result of the false affidavit or false proof, the person is allowed a tax
exemption to which the person is not entitled, the person is guilty of a gross
misdemeanor.

5. Beginning with the 2005-2006 Fiscal
Year, the monetary amount in subsection 1 must be adjusted for each fiscal year
by adding to the amount the product of the amount multiplied by the percentage
increase in the Consumer Price Index (All Items) from July 2003 to the July
preceding the fiscal year for which the adjustment is calculated. The
Department shall provide to each county assessor the adjusted amount, in
writing, on or before September 30 of each year.

6. As used in this section, “person who is
blind” includes any person whose visual acuity with correcting lenses does not
exceed 20/200 in the better eye, or whose vision in the better eye is
restricted to a field which subtends an angle of not greater than 20°.

NRS 361.086Exemption of certain property used for housing elderly persons
or persons with disabilities.All
real property and tangible personal property used exclusively for housing and
related facilities for elderly persons or persons with disabilities are exempt
from taxation if:

1. The property was wholly or partially
financed by a loan under the Housing Act of 1959, as amended, 12 U.S.C. §
1701q; and

2. The property is owned or operated:

(a) By a nonprofit corporation organized under
the laws of the State of Nevada; or

(b) By a nonprofit corporation organized under
the laws of another state and qualified to do business as a nonprofit
corporation under the laws of the State of Nevada.

(Added to NRS by 1981, 717)

NRS 361.087Exemption of residential improvements made to remove barriers to
persons with disabilities.

1. An increase must not be made to the
assessed valuation of a residence occupied by a person with a disability for
improvements made to an existing building for the purpose of removing barriers
to the movement, safety and comfort of a person with a disability. A person who
claims the benefit of this section shall file with the county assessor an
affidavit setting forth the nature of the improvement and the date or dates of
making it.

2. For the purposes of this section,
improvements for the removal of barriers include, but are not limited to:

(a) Permanent ramps leading to entrances to the
premises and between levels of the residence.

(b) Elevators installed in stairwells for the use
of a person with a disability.

(c) Handrails installed in and about the
residence, indoors and outdoors.

(d) Enlarged bathrooms and kitchens, and any
special equipment installed in them for the benefit of a person with a
disability.

(e) Other reasonable accommodations made for the
comfort, convenience and safety of a person with a disability.

NRS 361.088Exemption of property of Nathan Adelson Hospice.All real and personal property of the Nathan
Adelson Hospice in the State of Nevada is exempt from taxation but that
property must be taxed if it is used for any purpose other than carrying out the
legitimate functions of a freestanding facility for hospice care.

1. The property, to the extent of $2,000
assessed valuation, of any actual bona fide resident of the State of Nevada
who:

(a) Has served a minimum of 90 continuous days on
active duty, who was assigned to active duty at some time between April 21,
1898, and June 15, 1903, or between April 6, 1917, and November 11, 1918, or
between December 7, 1941, and December 31, 1946, or between June 25, 1950, and
May 7, 1975, or between September 26, 1982, and December 1, 1987, or between October
23, 1983, and November 21, 1983, or between December 20, 1989, and January 31,
1990, or between August 2, 1990, and April 11, 1991, or between December 5,
1992, and March 31, 1994, or between November 20, 1995, and December 20, 1996;

(b) Has served on active duty in connection with
carrying out the authorization granted to the President of the United States in
Public Law 102-1; or

(c) Has served on active duty in connection with
a campaign or expedition for service in which a medal has been authorized by
the Government of the United States, regardless of the number of days served on
active duty,

Ê and who
received, upon severance from service, an honorable discharge or certificate of
satisfactory service from the Armed Forces of the United States, or who, having
so served, is still serving in the Armed Forces of the United States, is exempt
from taxation.

2. For the purpose of this section, the
first $2,000 assessed valuation of property in which an applicant has any
interest shall be deemed the property of the applicant.

3. The exemption may be allowed only to a
claimant who files an affidavit with his or her claim for exemption on real
property pursuant to NRS 361.155. The affidavit may
be filed at any time by a person claiming exemption from taxation on personal
property.

4. The affidavit must be made before the
county assessor or a notary public and filed with the county assessor. It must
state that the affiant is a bona fide resident of the State of Nevada who meets
all the other requirements of subsection 1 and that the exemption is not
claimed in any other county in this State. After the filing of the original
affidavit, the county assessor shall, except as otherwise provided in this
subsection, mail a form for:

(a) The renewal of the exemption; and

(b) The designation of any amount to be credited
to the Gift Account for the Veterans Home in Southern Nevada or the Gift
Account for the Veterans Home in Northern Nevada established pursuant to NRS 417.145,

Ê to the
person each year following a year in which the exemption was allowed for that
person. The form must be designed to facilitate its return by mail by the
person claiming the exemption. If so requested by the person claiming the
exemption, the county assessor may provide the form to the person by electronic
means in lieu of by mail. The county assessor may authorize the return of the
form by electronic means in accordance with the provisions of chapter 719 of NRS.

5. Persons in actual military service are
exempt during the period of such service from filing the annual forms for
renewal of the exemption, and the county assessors shall continue to grant the
exemption to such persons on the basis of the original affidavits filed. In the
case of any person who has entered the military service without having
previously made and filed an affidavit of exemption, the affidavit may be filed
in his or her behalf during the period of such service by any person having
knowledge of the facts.

6. Before allowing any veteran’s exemption
pursuant to the provisions of this chapter, the county assessor shall require
proof of status of the veteran, and for that purpose shall require production
of an honorable discharge or certificate of satisfactory service or a certified
copy thereof, or such other proof of status as may be necessary.

7. If any person files a false affidavit
or produces false proof to the county assessor or a notary public and, as a
result of the false affidavit or false proof, the person is allowed a tax
exemption to which the person is not entitled, the person is guilty of a gross
misdemeanor.

8. Beginning with the 2005-2006 Fiscal
Year, the monetary amounts in subsections 1 and 2 must be adjusted for each
fiscal year by adding to the amount the product of the amount multiplied by the
percentage increase in the Consumer Price Index (All Items) from July 2003 to
the July preceding the fiscal year for which the adjustment is calculated. The
Department shall provide to each county assessor the adjusted amount, in
writing, on or before September 30 of each year.

NRS 361.0905Waiver of veteran’s exemption; designation of any amount of
exemption for credit to Gift Account for veterans homes in southern or northern
Nevada.

1. Any person who qualifies for an
exemption pursuant to NRS 361.090 or 361.091 may, in lieu of claiming the exemption:

(a) Pay to the county tax receiver all or any
portion of the amount by which the tax would be reduced if the person claimed
the exemption; and

(b) Direct the county tax receiver to deposit
that amount for credit to the Gift Account for the Veterans Home in Southern
Nevada or the Gift Account for the Veterans Home in Northern Nevada established
pursuant to NRS 417.145.

2. Any person who wishes to waive his or
her exemption pursuant to this section shall designate the amount to be
credited to a Gift Account on a form provided by the Nevada Tax Commission.

3. The county tax receiver shall deposit
any money received pursuant to this section with the State Treasurer for credit
to the Gift Account for the Veterans Home in Southern Nevada or the Gift
Account for the Veterans Home in Northern Nevada established pursuant to NRS 417.145. The State Treasurer shall not
accept more than a total of $2,000,000 for credit to a Gift Account pursuant to
this section and NRS 371.1035 during
any fiscal year.

NRS 361.091Exemption for veteran who has incurred a service-connected
disability.

1. A bona fide resident of the State of
Nevada who has incurred a permanent service-connected disability and has been
honorably discharged from the Armed Forces of the United States, or his or her
surviving spouse, is entitled to an exemption.

2. The amount of exemption is based on the
total percentage of permanent service-connected disability. The maximum allowable
exemption for total permanent disability is the first $20,000 assessed
valuation. A person with a permanent service-connected disability of:

(a) Eighty to 99 percent, inclusive, is entitled
to an exemption of $15,000 assessed value.

(b) Sixty to 79 percent, inclusive, is entitled
to an exemption of $10,000 assessed value.

Ê For the
purposes of this section, any property in which an applicant has any interest
is deemed to be the property of the applicant.

3. The exemption may be allowed only to a claimant
who has filed an affidavit with his or her claim for exemption on real property
pursuant to NRS 361.155. The affidavit may be made
at any time by a person claiming an exemption from taxation on personal
property.

4. The affidavit must be made before the
county assessor or a notary public and be filed with the county assessor. It
must state that the affiant is a bona fide resident of the State of Nevada,
that the affiant meets all the other requirements of subsection 1 and that the
exemption is not claimed in any other county within this State. After the
filing of the original affidavit, the county assessor shall, except as
otherwise provided in this subsection, mail a form for:

(a) The renewal of the exemption; and

(b) The designation of any amount to be credited
to the Gift Account for the Veterans Home in Southern Nevada or the Gift
Account for the Veterans Home in Northern Nevada established pursuant to NRS 417.145,

Ê to the
person each year following a year in which the exemption was allowed for that
person. The form must be designed to facilitate its return by mail by the
person claiming the exemption. If so requested by the person claiming the exemption,
the county assessor may provide the form to the person by electronic means in
lieu of by mail. The county assessor may authorize the return of the form by
electronic means in accordance with the provisions of chapter 719 of NRS.

5. Before allowing any exemption pursuant
to the provisions of this section, the county assessor shall require proof of
the applicant’s status, and for that purpose shall require the applicant to
produce an original or certified copy of:

(a) An honorable discharge or other document of
honorable separation from the Armed Forces of the United States which indicates
the total percentage of his or her permanent service-connected disability;

(b) A certificate of satisfactory service which
indicates the total percentage of his or her permanent service-connected
disability; or

(c) A certificate from the United States
Department of Veterans Affairs or any other military document which shows that
he or she has incurred a permanent service-connected disability and which
indicates the total percentage of that disability, together with a certificate
of honorable discharge or satisfactory service.

6. A surviving spouse claiming an
exemption pursuant to this section must file with the county assessor an
affidavit declaring that:

(a) The surviving spouse was married to and
living with the veteran who incurred a permanent service-connected disability
for the 5 years preceding his or her death;

(b) The veteran was eligible for the exemption at
the time of his or her death or would have been eligible if the veteran had
been a resident of the State of Nevada;

(c) The surviving spouse has not remarried; and

(d) The surviving spouse is a bona fide resident
of the State of Nevada.

Ê The
affidavit required by this subsection is in addition to the certification
required pursuant to subsections 4 and 5. After the filing of the original
affidavit required by this subsection, the county assessor shall, except as
otherwise provided in this subsection, mail a form for renewal of the exemption
to the person each year following a year in which the exemption was allowed for
that person. The form must be designed to facilitate its return by mail by the
person claiming the exemption. If so requested by the person claiming the
exemption, the county assessor may provide the form to the person by electronic
means in lieu of by mail. The county assessor may authorize the return of the
form by electronic means in accordance with the provisions of chapter 719 of NRS.

7. If a veteran or the surviving spouse of
a veteran submits, as proof of disability, documentation that indicates a
percentage of permanent service-connected disability for more than one
permanent service-connected disability, the amount of the exemption must be
based on the total of those combined percentages, not to exceed 100 percent.

8. If a tax exemption is allowed under
this section, the claimant is not entitled to an exemption under NRS 361.090.

9. If any person files a false affidavit
or produces false proof to the county assessor or a notary public and, as a
result of the false affidavit or false proof, the person is allowed a tax
exemption to which the person is not entitled, the person is guilty of a gross
misdemeanor.

10. Beginning with the 2005-2006 Fiscal
Year, the monetary amounts in subsection 2 must be adjusted for each fiscal
year by adding to the amount the product of the amount multiplied by the
percentage increase in the Consumer Price Index (All Items) from July 2003 to
the July preceding the fiscal year for which the adjustment is calculated. The
Department shall provide to each county assessor the adjusted amount, in
writing, on or before September 30 of each year.

1. The funds, furniture, paraphernalia and
regalia owned and used exclusively by any post of any national organization of
ex-servicemen or ex-servicewomen for the legitimate purposes and customary
objects of such posts are exempt from taxation, but such an exemption must not
exceed the sum of $10,000 assessed valuation to any one post or organization
thereof.

2. The buildings, with their fixtures and
the lots of ground on which they stand, used for its legitimate purposes and
necessary thereto, of any such organization are exempt from taxation, but when
any such property is used for purposes other than those of such an
organization, and a rent or other valuable consideration is received for its
use, the property so used must be taxed.

3. Where any structure or parcel of land
is used partly for the purposes of such an organization and partly for rental
purposes, the area used for rental purposes must be assessed separately and
that portion only may be taxed.

4. Beginning with the 2005-2006 Fiscal
Year, the monetary amount in subsection 1 must be adjusted for each fiscal year
by adding to the amount the product of the amount multiplied by the percentage
increase in the Consumer Price Index (All Items) from July 2003 to the July
preceding the fiscal year for which the adjustment is calculated. The
Department shall provide to each county assessor the adjusted amount, in
writing, on or before September 30 of each year.

1. All real and personal property that is
leased or rented to a charter school is hereby deemed to be used for an
educational purpose and is exempt from taxation. If the property is used partly
for the lease or rental to a charter school and partly for other purposes, only
the portion of the property that is used for the lease or rental to a charter
school is exempt pursuant to this subsection.

2. To qualify for an exemption pursuant to
subsection 1, the property owner must provide the county assessor with a copy
of the lease or rental agreement indicating that:

(a) The property is leased or rented to the
charter school; and

(b) The amount of payment required by the charter
school pursuant to the agreement is reduced in an amount which is at least
equal to the amount of the tax that would have been imposed if the property
were not exempt pursuant to subsection 1.

NRS 361.098Exemption of property of charitable foundations established by
Board of Regents of University of Nevada.All
real and personal property owned by a charitable foundation established by the
Board of Regents of the University of Nevada is exempt from taxation, but the
property must be taxed when it is used for any purpose other than carrying out
the legitimate functions of the foundation.

NRS 361.099Exemption of certain real and personal property leased or rented
to Nevada System of Higher Education.All
real and personal property which is leased or rented to the Nevada System of
Higher Education for total consideration which is less than 10 percent of the
fair market rental or lease value of the property is hereby deemed to be used
for an educational purpose and is exempt from taxation.

NRS 361.100Exemption of property of university fraternities and sororities.All real property owned by any fraternity or
sorority, or chapter thereof, which is composed of students of the University
of Nevada, Reno, or the University of Nevada, Las Vegas, and used as a home for
its members is exempt from taxation.

1. Except as otherwise provided in
subsection 2, the real and personal property of an apprenticeship program is
exempt from taxation if the property is:

(a) Held in a trust created pursuant to 29 U.S.C.
§ 186; or

(b) Owned by a local or state apprenticeship
committee and the apprenticeship program is:

(1) Operated by an organization which is
qualified pursuant to 26 U.S.C. § 501(c)(3) or (5); and

(2) Registered and approved by the State
Apprenticeship Council pursuant to chapter 610
of NRS.

2. If any property exempt from taxation
pursuant to subsection 1 is used for a purpose other than that of the
apprenticeship program required in subsection 1, and a rent or other valuable
consideration is received for its use, the property must be taxed, unless the
rent or other valuable consideration is paid or given by an organization that
qualifies as a tax-exempt organization pursuant to 26 U.S.C. § 501(c)(3).

1. Except as otherwise provided in
subsection 2, all real and personal property of Pershing County Kids, Horses,
Rodeo Inc. in the State of Nevada is exempt from taxation.

2. If any property exempt from taxation
pursuant to subsection 1 is used for any purpose other than carrying out the
legitimate functions of Pershing County Kids, Horses, Rodeo Inc., and a rent or
other valuable consideration is received for its use, the property must be
taxed, unless the rent or other valuable consideration is paid or given by an
organization that qualifies as a tax exempt organization pursuant to 26 U.S.C.
§ 501(c)(3).

1. Except as otherwise provided in
subsection 2, the buildings, with their furniture and equipment, and the lots of
ground on which they stand, used therewith and necessary thereto, of:

(a) The Nevada Museum of Art, Inc., the Boulder
City Museum and Historical Association, the Young Men’s Christian Association,
the Young Women’s Christian Association, the American National Red Cross or any
of its chapters in the State of Nevada, the Salvation Army Corps, the Girl
Scouts of America, the Camp Fire Girls, Inc., the Boy Scouts of America and the
Sierra Arts Foundation are exempt from taxation.

(b) The Thunderbird Lodge Preservation Society
are exempt from taxation through June 30, 2033.

2. If any property exempt from taxation
pursuant to subsection 1 is used for purposes other than those of the
organizations described in subsection 1, respectively, and a rent or other valuable
consideration is received for its use, the property must be taxed, unless the
rent or other valuable consideration is paid or given by an organization that
qualifies as a tax-exempt organization pursuant to 26 U.S.C. § 501(c)(3).

NRS 361.111Exemption of certain property of Archaeological Conservancy,
Nature Conservancy, American Land Conservancy and Nevada Land Conservancy.

1. Except as otherwise provided in
subsections 2 and 3, all real property and improvements thereon acquired by the
Archaeological Conservancy, Nature Conservancy, American Land Conservancy or
Nevada Land Conservancy are exempt from taxation if:

(a) The property is held for ultimate acquisition
by the Federal Government, the State or a local governmental unit and:

(1) The Federal Government, the State or a
local governmental unit has agreed, in writing, that acquisition of the
property will be given serious consideration; and

(2) For property for which the State has
given the statement required by subparagraph (1), the governing body of the
county in which the property is located has approved the potential acquisition
of the property by the State; or

(b) The property will be held indefinitely and
vested in the Archaeological Conservancy, Nature Conservancy, American Land
Conservancy or Nevada Land Conservancy for the purposes of education,
environmental protection or conservation.

2. When the Archaeological Conservancy,
Nature Conservancy, American Land Conservancy or Nevada Land Conservancy transfers
property it has held for purposes of education, environmental protection or
conservation to any person, partnership, association, corporation or entity
other than the Federal Government, the State or a local governmental unit, the
property must be assessed at the rate set for first-class pasture by the Nevada
Tax Commission for each year it was exempt pursuant to subsection 1 and the
taxes must be collected as other taxes under this chapter are collected.

3. When the Archaeological Conservancy,
Nature Conservancy, American Land Conservancy or Nevada Land Conservancy
transfers property it has held for purposes other than education, environmental
protection or conservation to any person, partnership, association, corporation
or entity other than the Federal Government, the State or a local governmental
unit, the tax imposed by this chapter must be assessed against the property for
each year it was exempt pursuant to subsection 1 and collected in the manner provided
in this chapter.

4. The Nevada Tax Commission shall adopt
regulations specifying the criteria for determining when property is held by
the Archaeological Conservancy, Nature Conservancy, American Land Conservancy
or Nevada Land Conservancy for purposes of education, environmental protection
or conservation.

NRS 361.115Exemptions of property of Nevada Children’s Foundation, Inc.,
Nevada Heritage Association, Inc., and Habitat for Humanity International.All real and personal property of the Nevada
Children’s Foundation, Inc., the Nevada Heritage Association, Inc., and the
Habitat for Humanity International, that is located in the State of Nevada is
exempt from taxation, but when and if such property is used for any purpose
other than carrying out the legitimate functions of those organizations, such
property must be taxed.

1. Except as otherwise provided in
subsection 2, churches, chapels, other than marriage chapels, and other
buildings used for religious worship, with their furniture and equipment, and
the lots of ground on which they stand, used therewith and necessary thereto,
owned by some recognized religious society or corporation, and parsonages so
owned, are exempt from taxation.

2. Except as otherwise provided in NRS 361.157, when any such property is used
exclusively or in part for any other than church purposes, and a rent or other
valuable consideration is received for its use, the property must be taxed.

3. The exemption provided by this section
must be prorated for the portion of a fiscal year during which the religious
society or corporation owns the real property. For the purposes of this
subsection, ownership of property purchased begins on the date of recording of
the deed to the purchaser.

NRS 361.130Exemption of public cemeteries and graveyards.All cemeteries and graveyards set apart and
used for and open to the public for the burial of the dead, when no charge is
made for burial therein, shall be exempt from taxation.

[Part 1:344:1953; A 1954, 29; 1955, 340]

NRS 361.132Exemption of certain private cemeteries and places of burial.The cemetery lands and property of any
nonprofit corporation governed by the provisions of chapter 82 of NRS formed for the purposes of
procuring and holding lands to be used exclusively for a cemetery or place of
burial of the dead are exempt from all public taxes, rates and assessments, and
are not liable to be sold on execution or be applied in payment of debts due
from any individual proprietors. The proprietors of lots or plats in such
cemeteries, their heirs or devisees, may hold the lots or plats exempt in the
same way so long as the lots or plats remain dedicated to the purpose of a
cemetery.

NRS 361.135Exemptions of certain lodges, societies and similar charitable
or benevolent organizations.

1. The funds, furniture, paraphernalia and
regalia owned by any lodge of the Benevolent Protective Order of Elks,
Fraternal Order of Eagles, Free and Accepted Masons, Independent Order of Odd
Fellows, Knights of Pythias or Knights of Columbus, or by any similar
charitable organization, or by the Lahontan Audubon Society, the National
Audubon Society, Inc., of New York, the Defenders of Wildlife of the District
of Columbia or any similar benevolent or charitable society, so long as they
are used for the legitimate purposes of such lodge or society or for such
charitable or benevolent purposes, are exempt from taxation.

2. The real estate and fixtures of any
such organization or society are exempt from taxation, but when any such
property is used for purposes other than those of such organization or society,
and a rent or other valuable consideration is received for its use, the
property so used must be taxed.

3. Where any structure or parcel of land
is used partly for the purposes of such organization or society and partly for
rental purposes, the area used for rental purposes must be assessed separately
and that portion only may be taxed.

1. In addition to the corporations defined
by law to be charitable corporations there are hereby included:

(a) Any corporation whose objects and purposes
are religious, educational or for public charity and whose funds have been
derived in whole or substantial part from grants or other donations from
governmental entities or donations from the general public, or both, not
including donations from any officer or trustee of the corporation; and

(b) Any corporation prohibited by its articles of
incorporation from declaring or paying dividends, and where the money received
by it is devoted to the general purpose of charity and no portion of the money
is permitted to inure to the benefit of any private person engaged in managing
the charity, except reasonable compensation for necessary services actually
rendered to the charity, and where indigent persons without regard to race or
color may receive medical care and attention without charge or cost.

2. All buildings belonging to a
corporation defined in subsection 1, together with the land actually occupied
by the corporation for the purposes described and the personal property
actually used in connection therewith, are exempt from taxation when used solely
for the purpose of the charitable corporation.

NRS 361.145Exemptions of noncommercial theaters.The
buildings, furniture and equipment of noncommercial theaters owned and operated
by nonprofit educational corporations organized for the exclusive purpose of
conducting classes in theater practice and the production of plays on a
nonprofessional basis shall be exempt from taxation. Such corporation shall
provide in its articles of incorporation that the property for which the tax
exemption is requested shall revert to the county in which it is located upon
the cessation of the activities of the noncommercial theater.

[Part 1:344:1953; A 1954, 29; 1955, 340]—(NRS A 1971,
143, 876)

NRS 361.150Exemptions of volunteer fire departments.The real and personal property of organized
and incorporated volunteer fire departments shall be exempt from taxation, but
such property shall be taxed when it is used for any purpose other than
carrying out the legitimate functions of such volunteer fire department.

[1.1:344:1953; added 1955, 199]—(NRS A 1973, 334)

NRS 361.155Exemptions: Filing of claims and designations; duration and
amount; assessment and penalty for erroneous grant or renewal; review of late
or denied claim.

1. Except as otherwise provided in this
section:

(a) All claims for personal tax exemptions on
real property, the initial claim of an organization for a tax exemption on real
property and the designation of any amount to be credited to the Gift Account
for the Veterans Home in Southern Nevada or the Gift Account for the Veterans
Home in Northern Nevada pursuant to NRS 361.0905
must be filed on or before June 15.

(b) An initial claim for a tax exemption on real
property acquired after June 15 and before July 1 must be filed on or before
July 5.

2. All exemptions provided for pursuant to
this chapter apply on a fiscal year basis, and any exemption granted pursuant
to this chapter must not be in an amount which gives the taxpayer a total
exemption greater than that to which the taxpayer is entitled during any fiscal
year.

3. Except as otherwise provided in this
section, each claim for an exemption provided for pursuant to this chapter must
be filed with the county assessor of:

(a) The county in which the claimant resides for
personal tax exemptions; or

(b) Each county in which property is located for
the tax exemption of an organization.

4. After the initial claim for an
exemption pursuant to NRS 361.088 or 361.098 to 361.150,
inclusive, an organization is not required to file annual claims if the
property remains exempt. If any portion of the property loses its exemption
pursuant to NRS 361.157 or for any other reason
becomes taxable, the organization must notify the county assessor.

5. If an exemption is granted or renewed
in error because of an incorrect claim or failure of an organization to give
the notice required by subsection 4, the assessor shall assess the taxable
portion of the property retroactively pursuant to NRS
361.769 and a penalty of 10 percent of the tax due for the current year and
any prior years may be added.

6. If a claim for a tax exemption on real
property and any required affidavit or other documentation in support of the
claim is not filed within the time required by subsection 1, or if a claim for
a tax exemption is denied by the county assessor, the person claiming the
exemption may, on or before January 15 of the fiscal year for which the claim
of exemption is made, file the claim and any required documentation in support
of the claim with the county board of equalization of the county in which the
claim is required to be filed pursuant to subsection 3. The county board of
equalization shall review the claim of exemption and may grant or deny the
claim for that fiscal year, as it determines to be appropriate. The State Board
of Equalization shall establish procedures for:

(a) The review of a claim of exemption by a
county board of equalization pursuant to this subsection; and

(b) The appeal to the State Board of Equalization
of the denial of a claim of exemption by a county board of equalization
pursuant to this subsection.

NRS 361.1565Certain exemptions reduced to extent of exemption from
governmental services tax.The
personal property tax exemption to which a surviving spouse, person who is
blind, veteran or surviving spouse of a veteran who incurred a
service-connected disability is entitled pursuant to NRS
361.080, 361.085, 361.090
or 361.091 is reduced to the extent that he or she
is allowed an exemption from the governmental services tax pursuant to chapter 371 of NRS.

NRS 361.157Exempt real estate subject to taxation if used as residence or
in business conducted for profit; exceptions. [Effective through November 24,
2014, and after that date unless the provisions of Senate Joint Resolution No.
15 (2011) are approved and ratified by the voters at the 2014 General
Election.]

1. When any real estate or portion of real
estate which for any reason is exempt from taxation is leased, loaned or
otherwise made available to and used by a natural person, association,
partnership or corporation in connection with a business conducted for profit
or as a residence, or both, the leasehold interest, possessory interest,
beneficial interest or beneficial use of the lessee or user of the property is
subject to taxation to the extent the:

(a) Portion of the property leased or used; and

(b) Percentage of time during the fiscal year
that the property is leased by the lessee or used by the user, in accordance
with NRS 361.2275,

Ê can be
segregated and identified. The taxable value of the interest or use must be
determined in the manner provided in subsection 3 of NRS
361.227 and in accordance with NRS 361.2275.

2. Subsection 1 does not apply to:

(a) Property located upon a public airport, park,
market or fairground, or any property owned by a public airport, unless the
property owned by the public airport is not located upon the public airport and
the property is leased, loaned or otherwise made available for purposes other
than for the purposes of a public airport, including, without limitation,
residential, commercial or industrial purposes;

(b) Federal property for which payments are made
in lieu of taxes in amounts equivalent to taxes which might otherwise be
lawfully assessed;

(c) Property of any state-supported educational
institution, except any part of such property located within a tax increment
area created pursuant to NRS 278C.155;

(d) Property leased or otherwise made available
to and used by a natural person, private association, private corporation,
municipal corporation, quasi-municipal corporation or a political subdivision
under the provisions of the Taylor Grazing Act or by the United States Forest
Service or the Bureau of Reclamation of the United States Department of the
Interior;

(e) Property of any Indian or of any Indian
tribe, band or community which is held in trust by the United States or subject
to a restriction against alienation by the United States;

(f) Vending stand locations and facilities
operated by persons who are blind under the auspices of the Bureau of Services
to Persons Who Are Blind or Visually Impaired of the Rehabilitation Division of
the Department of Employment, Training and Rehabilitation, whether or not the
property is owned by the federal, state or a local government;

(g) Leases held by a natural person, corporation,
association, municipal corporation, quasi-municipal corporation or political
subdivision for development of geothermal resources, but only for resources
which have not been put into commercial production;

(h) The use of exempt property that is leased,
loaned or made available to a public officer or employee, incident to or in the
course of public employment;

(i) A parsonage owned by a recognized religious
society or corporation when used exclusively as a parsonage;

(j) Property owned by a charitable or religious
organization all, or a portion, of which is made available to and is used as a
residence by a natural person in connection with carrying out the activities of
the organization;

(k) Property owned by a governmental entity and
used to provide shelter at a reduced rate to elderly persons or persons having
low incomes;

(l) The occasional rental of meeting rooms or
similar facilities for periods of less than 30 consecutive days;

(m) The use of exempt property to provide day
care for children if the day care is provided by a nonprofit organization; or

(n) Any lease, easement, operating agreement,
license, permit or right of entry for any exempt state property granted by the
Department or the Regional Transportation Commission of Southern Nevada
pursuant to section 45 of the Boulder City Bypass Toll Road Demonstration
Project Act.

3. Taxes must be assessed to lessees or
users of exempt real estate and collected in the same manner as taxes assessed
to owners of other real estate, except that taxes due under this section do not
become a lien against the property. When due, the taxes constitute a debt due
from the lessee or user to the county for which the taxes were assessed and, if
unpaid, are recoverable by the county in the proper court of the county.

NRS 361.157Exempt real estate
subject to taxation if used as residence or in business conducted for profit;
exceptions. [Effective November 25, 2014, if the provisions of Senate Joint
Resolution No. 15 (2011) are approved and ratified by the voters at the 2014
General Election.]

1. When any real estate or portion of real
estate which for any reason is exempt from taxation is leased, loaned or
otherwise made available to and used by a natural person, association,
partnership or corporation in connection with a business conducted for profit
or as a residence, or both, the leasehold interest, possessory interest,
beneficial interest or beneficial use of the lessee or user of the property is
subject to taxation to the extent the:

(a) Portion of the property leased or used; and

(b) Percentage of time during the fiscal year
that the property is leased by the lessee or used by the user, in accordance
with NRS 361.2275,

Ê can be
segregated and identified. The taxable value of the interest or use must be
determined in the manner provided in subsection 3 of NRS
361.227 and in accordance with NRS 361.2275.

2. Subsection 1 does not apply to:

(a) Property located upon a public airport, park,
market or fairground, or any property owned by a public airport, unless the
property owned by the public airport is not located upon the public airport and
the property is leased, loaned or otherwise made available for purposes other
than for the purposes of a public airport, including, without limitation,
residential, commercial or industrial purposes;

(b) Federal property for which payments are made
in lieu of taxes in amounts equivalent to taxes which might otherwise be
lawfully assessed;

(c) Property of any state-supported educational
institution, except any part of such property located within a tax increment
area created pursuant to NRS 278C.155;

(d) Property leased or otherwise made available
to and used by a natural person, private association, private corporation,
municipal corporation, quasi-municipal corporation or a political subdivision
under the provisions of the Taylor Grazing Act or by the United States Forest
Service or the Bureau of Reclamation of the United States Department of the
Interior;

(e) Property of any Indian or of any Indian
tribe, band or community which is held in trust by the United States or subject
to a restriction against alienation by the United States;

(f) Vending stand locations and facilities
operated by persons who are blind under the auspices of the Bureau of Services
to Persons Who Are Blind or Visually Impaired of the Rehabilitation Division of
the Department of Employment, Training and Rehabilitation, whether or not the
property is owned by the federal, state or a local government;

(g) Leases held by a natural person, corporation,
association, municipal corporation, quasi-municipal corporation or political
subdivision for development of geothermal resources, but only for resources
which have not been put into commercial production;

(h) The use of exempt property that is leased,
loaned or made available to a public officer or employee, incident to or in the
course of public employment;

(i) A parsonage owned by a recognized religious
society or corporation when used exclusively as a parsonage;

(j) Property owned by a charitable or religious
organization all, or a portion, of which is made available to and is used as a
residence by a natural person in connection with carrying out the activities of
the organization;

(k) Property owned by a governmental entity and
used to provide shelter at a reduced rate to elderly persons or persons having
low incomes;

(l) The occasional rental of meeting rooms or
similar facilities for periods of less than 30 consecutive days;

(m) The use of exempt property to provide day
care for children if the day care is provided by a nonprofit organization;

(n) Any lease, easement, operating agreement,
license, permit or right of entry for any exempt state property granted by the
Department or the Regional Transportation Commission of Southern Nevada
pursuant to section 45 of the Boulder City Bypass Toll Road Demonstration
Project Act; or

(o) The possession or use of exempt property as a
mining claim.

3. Taxes must be assessed to lessees or
users of exempt real estate and collected in the same manner as taxes assessed
to owners of other real estate, except that taxes due under this section do not
become a lien against the property. When due, the taxes constitute a debt due
from the lessee or user to the county for which the taxes were assessed and, if
unpaid, are recoverable by the county in the proper court of the county.

NRS 361.159Exempt personal property subject to taxation if used in business
conducted for profit; exceptions.

1. Except as otherwise provided in
subsection 3, when personal property, or a portion of personal property, which
for any reason is exempt from taxation is leased, loaned or otherwise made
available to and used by a natural person, association or corporation in
connection with a business conducted for profit, the leasehold interest,
possessory interest, beneficial interest or beneficial use of any such lessee
or user of the property is subject to taxation to the extent the:

(a) Portion of the property leased or used; and

(b) Percentage of time during the fiscal year
that the property is leased to the lessee or used by the user, in accordance
with NRS 361.2275,

Ê can be segregated
and identified. The taxable value of the interest or use must be determined in
the manner provided in subsection 3 of NRS 361.227
and in accordance with NRS 361.2275.

2. Taxes must be assessed to lessees or
users of exempt personal property and collected in the same manner as taxes
assessed to owners of other personal property, except that taxes due under this
section do not become a lien against the personal property. When due, the taxes
constitute a debt due from the lessee or user to the county for which the taxes
were assessed and, if unpaid, are recoverable by the county in the proper court
of the county.

3. The provisions of this section do not
apply to personal property:

(a) Used in vending stands operated by persons
who are blind under the auspices of the Bureau of Services to Persons Who Are
Blind or Visually Impaired of the Rehabilitation Division of the Department of
Employment, Training and Rehabilitation.

(b) Owned by a public airport and used for the
purposes of the public airport.

1. Personal property in transit through
this State is personal property:

(a) Which is moving in interstate commerce
through or over the territory of the State of Nevada; or

(b) Which was consigned to a warehouse, public or
private, within the State of Nevada from outside the State of Nevada for
storage in transit to a final destination outside the State of Nevada, whether
specified when transportation begins or afterward.

Ê Such
property is deemed to have acquired no situs in Nevada for purposes of
taxation. Such property is not deprived of exemption because while in the
warehouse the property is assembled, bound, joined, manufactured, processed,
disassembled, divided, cut, broken in bulk, relabeled or repackaged, or because
the property is being held for resale to customers outside the State of Nevada.
The exemption granted shall be liberally construed to effect the purposes of NRS 361.160 to 361.185,
inclusive.

2. Personal property within this State as
mentioned in NRS 361.030 and 361.045
to 361.155, inclusive, does not include personal
property in transit through this State as defined in this section.

1. All property claimed to be “no situs”
under NRS 361.160 to 361.185,
inclusive, shall be designated as being “in transit” upon the books and records
of the warehouse wherein the same is located.

2. The books and records of the warehouse
shall contain a full, true and correct inventory of all such property, together
with the date of the receipt of the same, the date of the withdrawal of the
same, the point of origin thereof and the point of ultimate destination thereof
if known.

3. The books and records of any such
warehouse with reference to any such in transit property shall at all times be
open to the inspection of all taxing authorities of the State of Nevada and of
any political subdivision thereof.

[Part 4:77:1949; 1943 NCL § 6628.04]

NRS 361.180Civil action for collection of taxes evaded.If any owner, shipper or agent thereof shall
by misrepresentation, concealment or violation of the provisions of NRS 361.160 to 361.185,
inclusive, evade the assessment or the levy of taxes on property not defined in
NRS 361.160 to be personal property in transit
through this state, he or she shall be liable in the sum of the taxes evaded
which would otherwise have been levied against his or her property, to be
collected in a civil action on behalf of the tax collector of his or her
county. The action shall be commenced and maintained by the district attorney,
and the judgment, when entered, shall include all costs and an attorney’s fee
for the plaintiff in his or her official capacity not less than the amount of
the taxes so evaded.

[6:77:1949; 1943 NCL § 6628.06]

NRS 361.185Penalty for false statement.If
any person shall willfully deliver any statement to the officer charged with
assessment of property for tax purposes in his or her county containing a false
statement of a material fact, whether it be an owner, shipper, his or her agent,
or a storage person or warehouseman of his or her agent, the person shall be
guilty of a misdemeanor.

[5:77:1949; 1943 NCL § 6628.05]—(NRS A 1967, 558)

Exemption of Fine Art for Public Display

NRS 361.186Collection of admission fee for exhibition of art: Conditions;
reduction of exemption; payment of and credit against resulting tax.

1. A taxpayer may collect an admission fee
for the exhibition of fine art otherwise exempt from taxation pursuant to NRS 361.068 if the taxpayer offers to residents of the
State of Nevada a discount of 50 percent from any admission fee charged to
nonresidents. The discounted admission fee for residents must be offered at any
time the exhibition is open to the public and admission fees are being charged.

2. Except as otherwise provided in
subsection 5, if a taxpayer collects a fee for the exhibition of fine art
otherwise exempt from taxation pursuant to NRS 361.068,
the exemption pertaining to that fine art for the fiscal year must be reduced
by the net revenue derived by the taxpayer for that fiscal year. The exemption
pertaining to fine art for a particular fiscal year must not be reduced below
zero, regardless of the amount of the net revenue derived by the taxpayer for
that fiscal year.

3. A tax resulting from the operation of
this section is due with the tax otherwise due under the taxpayer’s first
statement filed pursuant to NRS 361.265 after the
15th day of the fourth month after the end of the fiscal year in which the net
revenue was received or, if no such statement is required to be filed, under a
statement of the net revenue filed on or before the last day of the fourth
month after the end of that fiscal year.

4. A taxpayer who is required to pay a tax
resulting from the operation of this section may receive a credit against the
tax for any donations made by the taxpayer to the Nevada Arts Council, the
Division of Museums and History Dedicated Trust Fund established pursuant to NRS 381.0031, a museum that provides
exhibits specifically related to nature or a museum that provides exhibits
specifically related to children, if the taxpayer:

(a) Made the donation before the date that either
statement required pursuant to subsection 3 is due; and

(b) Provides to the county assessor documentation
of the donation at the time that the taxpayer files the statement required
pursuant to subsection 3.

5. For the purposes of this section:

(a) “Direct costs of owning and exhibiting the
fine art” does not include any allocation of the general and administrative
expense of a business or organization that conducts activities in addition to
the operation of the facility in which the fine art is displayed, including,
without limitation, an allocation of the salary and benefits of a senior
executive who is responsible for the oversight of the facility in which the
fine art is displayed and who has substantial responsibilities related to the
other activities of the business or organization.

(b) “Net revenue” means the amount of the fees
collected for exhibiting the fine art during that fiscal year less the
following paid or made during that fiscal year:

(1) The direct costs of owning and
exhibiting the fine art; and

(2) The cost of educational programs
associated with the taxpayer’s public display of fine art, including the cost
of meeting the requirements of sub-subparagraph (IV) of subparagraph (1) of
paragraph (b) of subsection 4 of NRS 361.068.

NRS 361.187Applicability of exemption to owner of leased art.The exemption provided in paragraph (j) of
subsection 1 of NRS 361.068 applies to taxes on
personal property otherwise due from the owner of a work of fine art that is
leased to a person who publicly displays the work. The price or value to which
that section refers is the price or value of the work that is leased.

(a) All land in this State must be legally
described for tax purposes by parcel number in accordance with the parceling
system prescribed by the Department. The provisions of NRS
361.190 to 361.220, inclusive, must remain in
effect until each county has established and implemented the prescribed parceling
system.

(b) Each county shall prepare and possess a
complete set of maps drawn in accordance with such parceling system for all
land in the county.

2. The Department may assist any county in
preparing the maps required by subsection 1, if it is shown to the satisfaction
of the Department that the county does not have the ability to prepare such
maps. The county shall reimburse the Department for its costs from the county
general fund. The Department may employ such services as are needed to carry
out the provisions of this section.

3. The county assessor shall ensure that
the parcels of land on such maps are numbered in the manner prescribed by the
Department. The county assessor shall continually update the maps to reflect
transfers, conveyances, acquisitions or any other transaction or event that
changes the boundaries of any parcel and shall renumber the parcels or prepare
new map pages for any portion of the maps to show combinations or divisions of
parcels in the manner prescribed by the Department. The maps must readily
disclose precisely what land is covered by any particular parcel number in the
current fiscal year.

4. The Department may review such maps
annually to ensure that they are being properly updated. If it is determined
that such maps are not properly updated, the Department may order the board of
county commissioners to employ forthwith one or more qualified persons approved
by the Department to prepare the required maps. The payment of all costs
incidental thereto is a proper charge against the funds of the county,
notwithstanding such funds were not budgeted according to law.

5. Such maps must at all times be
available in the office of the county assessor. All such maps must be retained
by the county assessor as a permanent public record.

6. Land must not be described in any deed
or conveyance by reference to any such map unless the map is filed for record
in the office of the county recorder of the county in which the land is
located.

7. A county assessor shall not reflect on
the tax roll a change in the ownership of land in this State unless the
document that conveys the ownership of land contains a correct and complete
legal description, adequately describing the exact boundaries of the parcel of
land. A parcel number assigned by a county assessor does not constitute a
correct and complete legal description of the land conveyed.

NRS 361.190Manner of description until parceling system established.For tax purposes, land in this State shall be
legally described pursuant to NRS 361.190 to 361.220, inclusive.

[Part 4.5:344:1953; added 1955, 415]

NRS 361.195Land surveyed under authority of United States.Land surveyed under the authority of the United
States may be described by township, range, section and fractional section,
with its acreage.

[Part 4.5:344:1953; added 1955, 415]

NRS 361.200City lots.City
lots may be described by naming the city and giving the number of the lot and
block, according to the system of numbering in the city.

[Part 4.5:344:1953; added 1955, 415]

NRS 361.205Description with reference to map or plat.When the owners of land have laid out and
platted the land into lots, streets, alleys and public places and the maps or
plats thereof have been duly filed and approved according to law, such land may
be described by numbers or letters as shown on the map or plat.

[Part 4.5:344:1953; added 1955, 415]—(NRS A 1977,
1526)

NRS 361.210Description with reference to unofficial map filed with county
assessor or county commissioners.When
an owner of land has furnished any map or plat not duly filed and approved
according to law and such map or plat contains sufficient information clearly
to identify the land, and it is properly identified by and filed with the
county assessor or the board of county commissioners of the county where the
map or plat is filed, the land may be described by reference to this map.

[Part 4.5:344:1953; added 1955, 415]—(NRS A 1977,
1526)

NRS 361.215Description with reference to map in possession of county or
county officer: Identification of parcels; display of map; reference to map.

1. Where any county or county officer
possesses a complete, accurate map of any land in the county, the county
assessor of such county may number or letter the parcels in a manner approved
by the board of county commissioners. The county assessor may renumber or
reletter the parcels or prepare new map pages for any portion of such map to
show combinations or divisions of parcels in a manner approved by the board of
county commissioners of such county, so long as an inspection of such map will
readily disclose precisely what land is covered by any particular parcel number
or letter in the current or in any prior fiscal year. The map or copy shall at
all times be publicly displayed in the office of the county assessor.

2. Except as provided in subsection 3,
land may be described in any notice, certificate, list, record or other
document provided for in this chapter, by reference to:

(a) The appropriate parcel letters or numbers;
and

(b) The map in the office of the county assessor
from which the parcel letters or numbers were obtained.

3. Land shall not be described in any deed
or conveyance by a reference to any such map unless such map has been filed for
record in the office of the county recorder of the county in which the land is
located.

[Part 4.5:344:1953; added 1955, 415]—(NRS A 1975,
153)

NRS 361.220Description by metes and bounds.Land
may be described by metes and bounds, or other description sufficient to
identify it, giving the locality and an estimate of the number of acres.

1. A person shall not perform the duties
of an appraiser for purposes of the taxation of property as an employee of or
as an independent contractor for the State or any of its political subdivisions
unless the person holds a valid appraiser’s certificate issued by the
Department. A person not so certified may collect data but shall not appraise
value, and data so collected must be reviewed by a certified appraiser.

2. There is established an Appraiser’s
Certification Board consisting of six members, three of whom must be chosen by
majority vote of the several county assessors from persons who hold a valid
appraiser’s certificate issued by the Department and three of whom must be
appointed by the Nevada Tax Commission. This Board shall:

(a) Advise the Department on any matter
pertaining to the certification and continuing education of appraisers who are
subject to the provisions of this section; and

(b) Perform such other duties as are provided by
law.

3. Each member of the Board is entitled to
the per diem allowance and travel expenses provided for state officers and
employees while attending meetings of the Board.

4. The Department may contract for the
development and administration of the appropriate examinations. Except as
provided in this subsection, an appraiser’s certificate must be issued to an
applicant only if the applicant has passed the appropriate examination. The
Department may charge each examinee a reasonable examination fee to recover the
cost of the examination. An applicant who has a professional designation or
certification recognized by the Board may, with the approval of the Board, be
issued an appraiser’s certificate without examination.

NRS 361.222Temporary certificate.The
Department shall issue a temporary appraiser’s certificate to a person who is
newly employed as an appraiser by the State or any of its political
subdivisions and who applies to take the appraiser’s certificate examination.
The temporary certificate expires 2 years after the date of issue or when the
results of the applicant’s examination are determined, whichever occurs first.
A temporary certificate shall not be renewed.

(Added to NRS by 1975, 1654; A 1977, 318)

NRS 361.2224Application for certificate to include social security number of
applicant. [Effective until the date of the repeal of 42 U.S.C. § 666, the
federal law requiring each state to establish procedures for withholding,
suspending and restricting the professional, occupational and recreational
licenses for child support arrearages and for noncompliance with certain
processes relating to paternity or child support proceedings.]An application for the issuance of a
certificate as an appraiser must include the social security number of the
applicant.

NRS 361.2225Statement by applicant concerning payment of child support;
grounds for denial of certificate; duty of Department. [Effective until the
date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to
establish procedures for withholding, suspending and restricting the professional,
occupational and recreational licenses for child support arrearages and for
noncompliance with certain processes relating to paternity or child support
proceedings.]

1. An applicant for the issuance of a
certificate as an appraiser shall submit to the Department the statement
prescribed by the Division of Welfare and Supportive Services of the Department
of Health and Human Services pursuant to NRS
425.520. The statement must be completed and signed by the applicant.

2. The Department shall include the
statement required pursuant to subsection 1 in:

(a) The application or any other forms that must
be submitted for the issuance of the certificate; or

(b) A separate form prescribed by the Department.

3. A certificate as an appraiser may not
be issued by the Department if the applicant:

(a) Fails to submit the statement required
pursuant to subsection 1; or

(b) Indicates on the statement submitted pursuant
to subsection 1 that he or she is subject to a court order for the support of a
child and is not in compliance with the order or a plan approved by the
district attorney or other public agency enforcing the order for the repayment
of the amount owed pursuant to the order.

4. If an applicant indicates on the
statement submitted pursuant to subsection 1 that he or she is subject to a
court order for the support of a child and is not in compliance with the order
or a plan approved by the district attorney or other public agency enforcing
the order for the repayment of the amount owed pursuant to the order, the
Department shall advise the applicant to contact the district attorney or other
public agency enforcing the order to determine the actions that the applicant
may take to satisfy the arrearage.

NRS 361.2226Suspension of certificate for failure to pay child support or
comply with certain subpoenas or warrants; reinstatement. [Effective until the
date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to
establish procedures for withholding, suspending and restricting the
professional, occupational and recreational licenses for child support
arrearages and for noncompliance with certain processes relating to paternity
or child support proceedings.]

1. If the Department receives a copy of a
court order issued pursuant to NRS 425.540
that provides for the suspension of all professional, occupational and
recreational licenses, certificates and permits issued to a person who is the
holder of a certificate as an appraiser, the Department shall deem the
certificate issued to that person to be suspended at the end of the 30th day
after the date on which the court order was issued unless the Department
receives a letter issued to the holder of the certificate by the district
attorney or other public agency pursuant to NRS
425.550 stating that the holder of the certificate has complied with the
subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.

2. The Department shall reinstate a
certificate as an appraiser that has been suspended by a district court
pursuant to NRS 425.540 if the
Department receives a letter issued by the district attorney or other public
agency pursuant to NRS 425.550 to the
person whose certificate was suspended stating that the person whose
certificate was suspended has complied with the subpoena or warrant or has
satisfied the arrearage pursuant to NRS
425.560.

NRS 361.2227Renewal of certificate: Application to include information
relating to state business license; grounds for denial of renewal. [Effective
January 1, 2014.]

1. In addition to any other requirements
set forth in this chapter, an applicant for the renewal of a certificate as an
appraiser must indicate in the application submitted to the Department whether
the applicant has a state business license. If the applicant has a state
business license, the applicant must include in the application the state
business license number assigned by the Secretary of State upon compliance with
the provisions of chapter 76 of NRS.

2. A certificate as an appraiser may not
be renewed by the Department if:

(a) The applicant fails to submit the information
required by subsection 1; or

(b) The State Controller has informed the
Department pursuant to subsection 5 of NRS
353C.1965 that the applicant owes a debt to an agency that has been
assigned to the State Controller for collection and the applicant has not:

(1) Satisfied the debt;

(2) Entered into an agreement for the
payment of the debt pursuant to NRS
353C.130; or

1. Except as otherwise provided in this
section, every person who holds an appraiser’s certificate must complete in
each fiscal year at least 36 contact hours of appropriate training conducted or
approved by the Department. College or university courses may be substituted
upon approval by the Appraiser Certification Board of an application submitted
to the Department for such substitution.

2. Any approved hours of training
accumulated in any 1 fiscal year in excess of the 36 contact hour minimum must
be carried forward and applied against the training requirements for the
following 3 years.

3. The annual training requirement must be
waived for any person:

(a) Attaining a professional designation or
certification recognized by the Appraiser Certification Board; or

(b) Accumulating 180 contact hours of accepted
training.

Ê Such persons
must complete 36 contact hours during every 3-year period thereafter.

NRS 361.224Effect of failure to meet requirements for continuing education.On or before July 15 of each fiscal year, the
Appraiser Certification Board shall ascertain whether every person holding a
valid appraiser’s certificate has met the minimum training requirements for the
preceding fiscal year as provided in NRS 361.223.
Upon the recommendation of the Board, the Department may suspend or revoke the
certificate of any person who fails to complete or have carried forward the
minimum number of approved contact hours for that year. The Department may not
suspend or revoke the certificate unless the person has been given a hearing by
the Department and 20 days’ advance written notice of the hearing.

(Added to NRS by 1975, 1654; A 1977, 318)

General Provisions

NRS 361.225Rate of assessment.All
property subject to taxation must be assessed at 35 percent of its taxable
value.

NRS 361.227Determination of taxable value. [Effective through November 24,
2014, and after that date unless the provisions of Senate Joint Resolution No.
15 (2011) are approved and ratified by the voters at the 2014 General
Election.]

(1) Vacant land by considering the uses to
which it may lawfully be put, any legal or physical restrictions upon those
uses, the character of the terrain, and the uses of other land in the vicinity.

(2) Improved land consistently with the
use to which the improvements are being put.

(b) Any improvements made on the land by
subtracting from the cost of replacement of the improvements all applicable
depreciation and obsolescence. Depreciation of an improvement made on real
property must be calculated at 1.5 percent of the cost of replacement for each
year of adjusted actual age of the improvement, up to a maximum of 50 years.

2. The unit of appraisal must be a single
parcel unless:

(a) The location of the improvements causes two
or more parcels to function as a single parcel;

(b) The parcel is one of a group of contiguous
parcels which qualifies for valuation as a subdivision pursuant to the
regulations of the Nevada Tax Commission; or

(c) In the professional judgment of the person
determining the taxable value, the parcel is one of a group of parcels which
should be valued as a collective unit.

3. The taxable value of a leasehold
interest, possessory interest, beneficial interest or beneficial use for the
purpose of NRS 361.157 or 361.159
must be determined in the same manner as the taxable value of the property
would otherwise be determined if the lessee or user of the property was the
owner of the property and it was not exempt from taxation, except that the
taxable value so determined must be reduced by a percentage of the taxable
value that is equal to the:

(a) Percentage of the property that is not
actually leased by the lessee or used by the user during the fiscal year; and

(b) Percentage of time that the property is not
actually leased by the lessee or used by the user during the fiscal year, which
must be determined in accordance with NRS 361.2275.

4. The taxable value of other taxable
personal property, except a mobile or manufactured home, must be determined by
subtracting from the cost of replacement of the property all applicable
depreciation and obsolescence. Depreciation of a billboard must be calculated
at 1.5 percent of the cost of replacement for each year after the year of
acquisition of the billboard, up to a maximum of 50 years.

5. The computed taxable value of any
property must not exceed its full cash value. Each person determining the
taxable value of property shall reduce it if necessary to comply with this
requirement. A person determining whether taxable value exceeds that full cash
value or whether obsolescence is a factor in valuation may consider:

(b) A summation of the estimated full cash value
of the land and contributory value of the improvements.

(c) Capitalization of the fair economic income
expectancy or fair economic rent, or an analysis of the discounted cash flow.

Ê A county
assessor is required to make the reduction prescribed in this subsection if the
owner calls to his or her attention the facts warranting it, if the county
assessor discovers those facts during physical reappraisal of the property or
if the county assessor is otherwise aware of those facts.

6. The Nevada Tax Commission shall, by
regulation, establish:

(a) Standards for determining the cost of
replacement of improvements of various kinds.

(b) Standards for determining the cost of
replacement of personal property of various kinds. The standards must include a
separate index of factors for application to the acquisition cost of a
billboard to determine its replacement cost.

(c) Schedules of depreciation for personal
property based on its estimated life.

(d) Criteria for the valuation of two or more
parcels as a subdivision.

7. In determining, for the purpose of computing
taxable value, the cost of replacement of:

(a) Any personal property, the cost of all
improvements of the personal property, including any additions to or
renovations of the personal property, but excluding routine maintenance and
repairs, must be added to the cost of acquisition of the personal property.

(b) An improvement made on land, a county
assessor may use any final representations of the improvement prepared by the
architect or builder of the improvement, including, without limitation, any final
building plans, drawings, sketches and surveys, and any specifications included
in such representations, as a basis for establishing any relevant measurements
of size or quantity.

8. The county assessor shall, upon the
request of the owner, furnish within 15 days to the owner a copy of the most
recent appraisal of the property, including, without limitation, copies of any
sales data, materials presented on appeal to the county board of equalization
or State Board of Equalization and other materials used to determine or defend
the taxable value of the property.

9. The provisions of this section do not
apply to property which is assessed pursuant to NRS
361.320.

NRS 361.227Determination of taxable
value. [Effective November 25, 2014, if the provisions of Senate Joint
Resolution No. 15 (2011) are approved and ratified by the voters at the 2014
General Election.]

(1) Vacant land by considering the uses to
which it may lawfully be put, any legal or physical restrictions upon those
uses, the character of the terrain, and the uses of other land in the vicinity.

(2) Improved land consistently with the use
to which the improvements are being put.

(b) Any improvements made on the land by
subtracting from the cost of replacement of the improvements all applicable
depreciation and obsolescence. Depreciation of an improvement made on real
property must be calculated at 1.5 percent of the cost of replacement for each
year of adjusted actual age of the improvement, up to a maximum of 50 years.

2. The unit of appraisal must be a single
parcel unless:

(a) The location of the improvements causes two
or more parcels to function as a single parcel;

(b) The parcel is one of a group of contiguous
parcels which qualifies for valuation as a subdivision pursuant to the
regulations of the Nevada Tax Commission; or

(c) In the professional judgment of the person
determining the taxable value, the parcel is one of a group of parcels which
should be valued as a collective unit.

3. The taxable value of a leasehold
interest, possessory interest, beneficial interest or beneficial use for the
purpose of NRS 361.157 or 361.159
must be determined in the same manner as the taxable value of the property
would otherwise be determined if the lessee or user of the property was the
owner of the property and it was not exempt from taxation, except that the
taxable value so determined must be reduced by a percentage of the taxable
value that is equal to the:

(a) Percentage of the property that is not
actually leased by the lessee or used by the user during the fiscal year; and

(b) Percentage of time that the property is not
actually leased by the lessee or used by the user during the fiscal year, which
must be determined in accordance with NRS 361.2275.

4. The taxable value of other taxable
personal property, except a mobile or manufactured home, must be determined by
subtracting from the cost of replacement of the property all applicable
depreciation and obsolescence. Depreciation of a billboard must be calculated
at 1.5 percent of the cost of replacement for each year after the year of
acquisition of the billboard, up to a maximum of 50 years.

5. In determining the taxable value of
property, the value of any mineral deposit in its natural state attached to the
land must be excluded from the computation of the taxable value of the
property.

6. The computed taxable value of any
property must not exceed its full cash value. Each person determining the
taxable value of property shall reduce it if necessary to comply with this
requirement. A person determining whether taxable value exceeds that full cash
value or whether obsolescence is a factor in valuation may consider:

(b) A summation of the estimated full cash value
of the land and contributory value of the improvements.

(c) Capitalization of the fair economic income
expectancy or fair economic rent, or an analysis of the discounted cash flow.

Ê A county
assessor is required to make the reduction prescribed in this subsection if the
owner calls to his or her attention the facts warranting it, if the county
assessor discovers those facts during physical reappraisal of the property or
if the county assessor is otherwise aware of those facts.

7. The Nevada Tax Commission shall, by
regulation, establish:

(a) Standards for determining the cost of
replacement of improvements of various kinds.

(b) Standards for determining the cost of
replacement of personal property of various kinds. The standards must include a
separate index of factors for application to the acquisition cost of a
billboard to determine its replacement cost.

(c) Schedules of depreciation for personal
property based on its estimated life.

(d) Criteria for the valuation of two or more
parcels as a subdivision.

8. In determining, for the purpose of
computing taxable value, the cost of replacement of:

(a) Any personal property, the cost of all
improvements of the personal property, including any additions to or
renovations of the personal property, but excluding routine maintenance and
repairs, must be added to the cost of acquisition of the personal property.

(b) An improvement made on land, a county
assessor may use any final representations of the improvement prepared by the architect
or builder of the improvement, including, without limitation, any final
building plans, drawings, sketches and surveys, and any specifications included
in such representations, as a basis for establishing any relevant measurements
of size or quantity.

9. The county assessor shall, upon the
request of the owner, furnish within 15 days to the owner a copy of the most
recent appraisal of the property, including, without limitation, copies of any
sales data, materials presented on appeal to the county board of equalization
or State Board of Equalization and other materials used to determine or defend
the taxable value of the property.

10. The provisions of this section do not
apply to property which is assessed pursuant to NRS
361.320.

1. For purposes of NRS
361.157, 361.159 and 361.227,
except as otherwise provided in subsection 2, property is leased or used by a
natural person or entity at all times the natural person or entity has
possession of, claim to or right to the possession of the property that is
independent, durable and exclusive of rights held by others in the property,
other than the rights held by the owner.

2. Property is not leased or used by a
natural person or entity who possesses or occupies the property solely for the
purpose of holding the property for another natural person or entity.

3. As used in this section:

(a) “Durable” means for a determinable period
with a reasonable certainty that the use, possession or claim with respect to
the property will continue for that period.

(b) “Exclusive” means the enjoyment of a
beneficial use of property, together with the ability to exclude from occupancy
persons or entities other than the owner who may interfere with that enjoyment.

(c) “Independent” means the ability to exercise
authority and exert control over the management or operation of the property
pursuant to the terms and provisions of the contract with the owner. A
possession or use is independent if the possession or use of the property is
sufficiently autonomous under the terms and provisions of the contract with the
owner to constitute more than a mere agency.

2. The value of intangible personal
property must not enhance or be reflected in the value of real property or
tangible personal property.

3. The attributes of real property, such
as zoning, location, water rights, view and geographic features, are not
intangible personal property and must be considered in valuing the real
property, if appropriate.

NRS 361.2285Adoption of regulations regarding use of income approach for
valuation of real property used to conduct business. [Effective through
November 24, 2014, and after that date unless the provisions of Senate Joint
Resolution No. 15 (2011) are approved and ratified by the voters at the 2014
General Election.]The Nevada Tax
Commission shall adopt regulations which:

1. Provide for the creation of a simple,
easily understood form which may be completed by the owner of any real property
used to conduct a business and used to:

(a) Compute and determine the value of the
property using the income approach and to compare that value to the existing
taxable value of the property to determine the existence of any obsolescence;
and

(b) Apply to the appropriate county assessor or
board of equalization for computation of the taxable value of the property in
accordance with subsection 5 of NRS 361.227.

2. Clearly set forth the methodology for
applying the income approach to valuation for tax purposes of real property
used to conduct a business to determine whether obsolescence is a factor. The
methodology must be described in a manner that may be easily understood by the
owners of such property.

3. Will make available to the owner of any
real property used to conduct a business information that will allow the owner
to apply the income approach to establish the full cash value of the property
for the purpose of comparing that value to the taxable value established by the
county assessor.

NRS 361.2285Adoption of regulations
regarding use of income approach for valuation of real property used to conduct
business. [Effective November 25, 2014, if the provisions of Senate Joint
Resolution No. 15 (2011) are approved and ratified by the voters at the 2014
General Election.]The Nevada Tax
Commission shall adopt regulations which:

1. Provide for the creation of a simple,
easily understood form which may be completed by the owner of any real property
used to conduct a business and used to:

(a) Compute and determine the value of the
property using the income approach and to compare that value to the existing
taxable value of the property to determine the existence of any obsolescence;
and

(b) Apply to the appropriate county assessor or
board of equalization for computation of the taxable value of the property in
accordance with subsection 6 of NRS 361.227.

2. Clearly set forth the methodology for
applying the income approach to valuation for tax purposes of real property
used to conduct a business to determine whether obsolescence is a factor. The
methodology must be described in a manner that may be easily understood by the
owners of such property.

3. Will make available to the owner of any
real property used to conduct a business information that will allow the owner
to apply the income approach to establish the full cash value of the property
for the purpose of comparing that value to the taxable value established by the
county assessor.

(Added to NRS by 2005, 42; A 2005, 1755; 2013, 3118,
effective November 25, 2014, if the provisions of Senate Joint Resolution No.
15 (2011) are approved and ratified by the voters at the 2014 General Election)

NRS 361.229Adjustment of actual age of improvements in computation of
depreciation.

1. The actual age of each improvement made
on a parcel of land must be adjusted, for the purpose of computing
depreciation, when any addition is made or replacement is made whose cost,
added to the cost of any prior replacements, is at least 10 percent of the cost
of replacement of the improvement after the work is done. For the purposes of
this section, “replacement” does not include changing or adding finish or
covering to floors or walls, changing or adding small appliances, or other
normal maintenance of the improvement in a good condition.

2. Except as otherwise provided in
subsection 3, the amount of the reduction must be the product of the prior
actual age multiplied by the ratio of the cost of the replacement or addition
to the cost of replacement of the improvement after the work is done.

3. The amount of the reduction for
additions which increase the floor area of the improvement may be calculated by
multiplying the prior actual age of the improvement by the ratio of the number
of square feet of additional floor area to the total number of square feet of
the improvement including the addition.

NRS 361.233Assessment and valuation of real property within common-interest
community.

1. Notwithstanding any other provision of
law:

(a) Any ad valorem taxes or special assessments
assessed upon any real property within a common-interest community:

(1) Must be assessed upon the community
units and not upon the common-interest community as a whole; and

(2) Must not be assessed upon any common
elements of the common-interest community.

(b) Except as otherwise provided in subsection 2,
the taxable value of each parcel:

(1) Composed solely of a community unit
must consist of:

(I) The taxable value of that
community unit; and

(II) A percentage of the taxable
value of all the common elements of that common-interest community which is
equal to 1 divided by the total number of community units in that
common-interest community; or

(2) Composed of a community unit and any
portion of the common elements of the common-interest community must consist
of:

(I) The taxable value of that
community unit only; and

(II) A percentage of the taxable
value of all the common elements of that common-interest community which is
equal to 1 divided by the total number of community units in that
common-interest community.

2. If the declaration for a
common-interest community or, in the absence of such a declaration, the
recorded deeds for the community units of a common-interest community:

(a) Provide for the allocation to the community
units of, except for any minor variations because of rounding, all the
interests in the common elements of the common-interest community; or

(b) Do not provide for the allocation described
in paragraph (a) but provide for the allocation to the community units of,
except for any minor variations because of rounding, all the liabilities for
the common expenses of the common-interest community,

Ê and the
formula for allocation provided in the declaration or deeds differs from the
formula for allocation set forth in sub-subparagraph (II) of subparagraph (1)
of paragraph (b) of subsection 1 and sub-subparagraph (II) of subparagraph (2)
of paragraph (b) of subsection 1, those sub-subparagraphs do not apply to the
common-interest community, and the taxable value of the common elements of the
common-interest community must be allocated to the community units in
accordance with the formula for allocation provided in the declaration or
deeds.

3. The Nevada Tax Commission shall adopt
such regulations as it determines to be appropriate to ensure that this section
is carried out in a uniform and equal manner that does not result in the double
taxation of any common elements of a common-interest community.

4. For the purposes of this section:

(a) “Ad valorem tax” means an ad valorem tax
levied by any governmental entity or political subdivision in this State on or
after July 1, 2006.

(1) Intended for the general benefit of
and potential use by all the owners of the community units and their invitees;
and

(2) Owned:

(I) By the community association;

(II) By any person on behalf or for
the benefit of the owners of the community units; or

(III) Jointly by the owners of the
community units.

(c) “Common-interest community” means real
property with respect to which a person, by virtue of his or her ownership of a
community unit, is obligated to pay for any real property other than that unit.
The term includes a common-interest community governed by the provisions of chapter 116 of NRS, a condominium hotel governed
by the provisions of chapter 116B of NRS, a
condominium project governed by the provisions of chapter
117 of NRS and any time-share project, planned unit development or other
real property which is organized as a common-interest community in this State.

(d) “Community association” means an association
whose membership:

(1) Consists exclusively of the owners of
the community units or their elected or appointed representatives; and

(2) Is a required condition of the
ownership of a community unit.

(e) “Community unit” means a physical portion of
a common-interest community, other than the common elements, which is:

(1) Designated for separate ownership or
occupancy; and

(2) Intended for:

(I) Residential use by the owner of
that unit and his or her invitees; or

(II) Commercial use by the owner of
that unit for the generation of revenue from any persons other than the owners
of community units in that common-interest community and their invitees.

(f) “Declaration” means any instrument, however
denominated, that creates a common-interest community, including any amendment
to an instrument.

(g) “Special assessment” means a special assessment
levied by any governmental entity or political subdivision in this State on or
after July 1, 2006.

NRS 361.235Assessment of corporate stock and property of partnership;
taxation of corporate property.

1. The owner or holder of any stock in any
firm, incorporated company or association, the entire capital of which is
invested in property which is assessed, or the capital of which is assessed,
shall not be assessed individually for his or her stock in such company or
association, nor shall any person having an interest in any partnership or firm
be individually assessed for the partnership or firm property, if such property
is assessed to the partnership or firm.

2. The property of every firm,
incorporated company or association shall be taxed in the county wherein the
same is situated. Whenever any portion of the property of any such company
shall be assessed and taxed in the county wherein the same is located, then
upon presentation at the principal office of such company of the certificate or
receipt of the tax collector of that county that such taxes have been paid in
another county, the same shall be deducted at the principal office from the
aggregate amount of taxes imposed upon or paid by the company, for the same
property, in the county wherein the principal office of the company is
situated.

[Part 10:344:1953]

NRS 361.240Assessment of undivided property of deceased and insane persons;
payment of taxes.

1. The undivided property of deceased and
insane persons may be listed to the heirs, guardians, executors or
administrators, as the case may be, and a payment of taxes made by either shall
bind all the parties in interest for their equal proportions.

2. Every district judge shall, from time
to time, direct each administrator, executor and guardian (which direction may
be especially given in each case or by general order) to pay, out of the funds
of the estate, all taxes that have attached or accrued against such estate
after July 1, 1955.

3. No order or decree for the distribution
of any property of any decedent among the heirs or devisees shall be made until
taxes which have been attached to or accrued against the estate shall have been
paid.

[Part 10:344:1953]

NRS 361.244Classification of mobile or manufactured homes and factory-built
housing as real property.

1. A mobile or manufactured home is
eligible to become real property if it becomes permanently affixed to land
which is:

(a) Owned by the owner of the mobile or
manufactured home; or

(b) Leased by the owner of the mobile or
manufactured home if the home is being financed in accordance with the guidelines
of the Federal Home Loan Mortgage Corporation, the Federal National Mortgage
Association, the United States Department of Agriculture, or any other entity
that requires as part of its financing program restrictions on ownership and
actions affecting title and possession similar to those required by the Federal
Home Loan Mortgage Corporation, the Federal National Mortgage Association and
the United States Department of Agriculture.

2. A mobile or manufactured home becomes
real property when the assessor of the county in which the mobile or
manufactured home is located has placed it on the tax roll as real property.
Except as otherwise provided in subsection 5, the assessor shall not place a
mobile or manufactured home on the tax roll until:

(a) The assessor has received verification from
the Manufactured Housing Division of the Department of Business and Industry
that the mobile or manufactured home has been converted to real property;

(b) The unsecured personal property tax has been
paid in full for the current fiscal year;

(c) An affidavit of conversion of the mobile or
manufactured home from personal to real property has been recorded in the
county recorder’s office of the county in which the mobile or manufactured home
is located; and

(d) The dealer or owner has delivered to the
Division a copy of the recorded affidavit of conversion and all documents
relating to the mobile or manufactured home in its former condition as personal
property.

3. A mobile or manufactured home which is
converted to real property pursuant to this section shall be deemed to be a
fixture and an improvement to the real property to which it is affixed.

4. Factory-built housing, as defined in NRS 461.080, constitutes real property if
it becomes, on or after July 1, 1979, permanently affixed to land which is:

(a) Owned by the owner of the factory-built
housing; or

(b) Leased by the owner of the factory-built
housing if the factory-built housing is being financed in accordance with the
guidelines of the Federal Home Loan Mortgage Corporation, the Federal National
Mortgage Association, the United States Department of Agriculture, or any other
entity that requires as part of its financing program restrictions on ownership
and actions affecting title and possession similar to those required by the
Federal Home Loan Mortgage Corporation, the Federal National Mortgage
Association and the United States Department of Agriculture.

5. The assessor of the county in which a
manufactured home is located shall, without regard to the conditions set forth
in subsection 2, place the manufactured home on the tax roll as real property
if, on or after July 1, 2001, the manufactured home is permanently affixed to a
residential lot pursuant to an ordinance required by NRS 278.02095.

6. The provisions of subsection 5 do not
apply to a manufactured home located in:

(a) An area designated by local ordinance for the
placement of a manufactured home without conversion to real property;

(b) A mobile home park; or

(c) Any other area to which the provisions of NRS 278.02095 do not apply.

7. For the purposes of this section, “land
which is owned” includes land for which the owner has a possessory interest
resulting from a life estate, lease or contract for sale.

NRS 361.2445Conversion of mobile or manufactured home from real to personal
property.

1. A mobile or manufactured home which has
been converted to real property pursuant to NRS 361.244
may not be removed from the real property to which it is affixed unless, at
least 30 days before removing the mobile or manufactured home:

(a) The owner:

(1) Files with the Division an affidavit
stating that the sole purpose for converting the mobile or manufactured home
from real to personal property is to effect a transfer of the title to the
mobile or manufactured home;

(2) Files with the Division the affidavit
of consent to the removal of the mobile or manufactured home of each person who
holds any legal interest in the real property to which the mobile or
manufactured home is affixed; and

(3) Gives written notice to the county
assessor of the county in which the real property is situated; and

(b) The county tax receiver certifies in writing
that all taxes for the fiscal year on the mobile or manufactured home and the
real property to which the mobile or manufactured home is affixed have been
paid.

2. The county assessor shall not remove a
mobile or manufactured home from the tax rolls until:

(a) The county assessor has received verification
that there is no security interest in the mobile or manufactured home or the
holders of security interests have agreed in writing to the conversion of the
mobile or manufactured home to personal property; and

(b) An affidavit of conversion of the mobile or
manufactured home from real to personal property has been recorded in the
county recorder’s office of the county in which the real property to which the
mobile or manufactured home was affixed is situated.

3. A mobile or manufactured home which is
physically removed from real property pursuant to this section shall be deemed
to be personal property immediately upon its removal.

4. The Department shall adopt:

(a) Such regulations as are necessary to carry
out the provisions of this section; and

(b) A standard form for the affidavits required
by this section.

5. Before the owner of a mobile or
manufactured home that has been converted to personal property pursuant to this
section may transfer ownership of the mobile or manufactured home, he or she
must obtain a certificate of ownership from the Division.

6. For the purposes of this section, the
removal of a mobile or manufactured home from real property includes the
detachment of the mobile or manufactured home from its foundation, other than
temporarily for the purpose of making repairs or improvements to the mobile or
manufactured home or the foundation.

7. An owner who physically removes a
mobile or manufactured home from real property in violation of this section is
liable for all legal costs and fees, plus the actual expenses, incurred by a
person who holds any interest in the real property to restore the real property
to its former condition. Any judgment obtained pursuant to this section may be
recorded as a lien upon the mobile or manufactured home so removed.

8. As used in this section:

(a) “Division” means the Manufactured Housing
Division of the Department of Business and Industry.

(b) “Owner” means any person who holds an
interest in the mobile or manufactured home or the real property to which the
mobile or manufactured home is affixed evidenced by a conveyance or other
instrument which transfers that interest to him or her and is recorded in the
office of the county recorder of the county in which the mobile or manufactured
home and real property are situated, but does not include the owner or holder
of a right-of-way, easement or subsurface property right appurtenant to the
real property.

NRS 361.245Personal property subject to security interest.When personal property is subject to a
security interest it shall, for the purpose of taxation, be deemed the property
of the person who has possession thereof.

[12:344:1953]—(NRS A 1965, 941)

NRS 361.260Method of assessing property for taxation; appraisals and
reappraisals.

1. Each year, the county assessor, except
as otherwise required by a particular statute, shall ascertain by diligent
inquiry and examination all real and secured personal property that is in the
county on July 1 which is subject to taxation, and also the names of all
persons, corporations, associations, companies or firms owning the property.
The county assessor shall then determine the taxable value of all such
property, and shall then list and assess it to the person, firm, corporation,
association or company owning it on July 1 of that fiscal year. The county
assessor shall take the same action at any time between May 1 and the following
April 30, with respect to personal property which is to be placed on the
unsecured tax roll.

2. At any time before the lien date for
the following fiscal year, the county assessor may include additional personal
property and mobile and manufactured homes on the secured tax roll if the owner
of the personal property or mobile or manufactured home owns real property
within the same taxing district which has an assessed value that is equal to or
greater than the taxes for 3 years on both the real property and the personal
property or mobile or manufactured home, plus penalties. Personal property and
mobile and manufactured homes in the county on July 1, but not on the secured
tax roll for the current year, must be placed on the unsecured tax roll for the
current year.

3. An improvement on real property in
existence on July 1 whose existence was not ascertained in time to be placed on
the secured roll for that tax year and which is not governed by subsection 4
must be placed on the unsecured tax roll.

4. The value of any property apportioned
among counties pursuant to NRS 361.320, 361.321 and 361.323 must
be added to the central assessment roll at the assessed value established by
the Nevada Tax Commission or as established pursuant to an appeal to the State
Board of Equalization.

5. In addition to the inquiry and
examination required in subsection 1, for any property not reappraised in the
current assessment year, the county assessor shall determine its assessed value
for that year by:

(a) Determining the replacement cost, subtracting
all applicable depreciation and obsolescence, applying the assessment ratio for
improvements, if any, and applying a factor for land to the assessed value for
the preceding year; or

(b) Applying to the assessed value for the
preceding year a factor for improvements, if any, as adopted by the Nevada Tax
Commission in the manner required by NRS 361.261,
and a factor for land developed by the county assessor and approved by the
Commission. The factor for land must be so chosen that the median ratio of the
assessed value of the land to the taxable value of the land in each area
subject to the factor is not less than 30 percent nor more than 35 percent.

6. The county assessor shall reappraise
all real property at least once every 5 years.

7. The county assessor shall use the
standards for appraising and reappraising land adopted by the Nevada Tax
Commission pursuant to NRS 360.250. In
using the standards, the county assessor shall consider comparable sales of
land before July 1 of the year before the lien date.

8. Each county assessor shall submit a
written request to the board of county commissioners and the governing body of
each of the local governments located in the county which maintain a unit of
government that issues building permits for a copy of each building permit that
is issued. Upon receipt of such a request, the governing body shall direct the
unit which issues the permits to provide a copy of each permit to the county
assessor within a reasonable time after issuance.

NRS 361.261Determination of assessed value of property that is not being
reappraised: Adoption of factors for improvements.The
factors for improvements required by subsection 5 of NRS
361.260 must be adopted pursuant to the following procedure:

1. On or before February 1 of the year
immediately preceding the year to which the factors will be applied, the
Department shall provide the proposed factors to each county assessor.

2. On or before May 15 of the same year,
each county assessor shall notify the Nevada Tax Commission that he or she
either approves or objects to the proposed factors that are applicable to the
county he or she represents.

3. If one or more of the county assessors
notify the Nevada Tax Commission of an objection to the proposed factors that
are applicable to the county they represent, the Nevada Tax Commission shall,
at a regularly scheduled meeting of the Commission, hold a hearing on those
proposed factors before the factors are adopted. At the hearing, the Nevada Tax
Commission shall:

(a) Make every effort to reconcile the objection
or objections of each county assessor; and

(b) Provide to those persons attending the
hearing copies of any published reference manuals and the local indicators of
the taxable value of improvements that were used by the Department to establish
the proposed factors.

NRS 361.263Issuance of subpoenas by county assessors; duty of state and
local governmental entities to provide documents and other information to
county assessor; protection of information from disclosure.

1. The county assessor may issue subpoenas
to require the production before him or her of documentation necessary for
determining the value of property. The county assessor may have the subpoena
served, and upon application to any court of competent jurisdiction in this
state, enforced, in the manner provided by law for the service and enforcement
of subpoenas in a civil action.

2. Upon request of the county assessor, a
state agency, political subdivision of this state and any other state or local
governmental entity in this state shall provide documents and other information
necessary to the performance of the duties of the county assessor as soon as
practicable after receipt of the request.

3. Any information received by the county
assessor pursuant to this section must be protected from disclosure in the same
manner that the information is protected by the agency or entity from which the
assessor received the information.

1. To enable the county assessor to make
assessments, he or she shall demand from each natural person or firm, and from
the president, cashier, treasurer or managing agent of each corporation,
association or company, including all banking institutions, associations or
firms within the county, a written statement, signed under penalty of perjury,
on forms and in the format prescribed by the county assessor of all the
personal property within the county, owned, claimed, possessed, controlled or
managed by those persons, firms, corporations, associations or companies. The
signature required by this subsection may include an electronic signature as
defined in NRS 719.100.

2. The statement must include:

(a) A description of the location of any taxable
personal property that is owned, claimed, possessed, controlled or managed by
the natural person, firm, corporation, association or company, but stored,
maintained or otherwise placed at a location other than the principal residence
of the natural person or principal place of business of the firm, corporation,
association or company;

(b) The cost of acquisition of each item of
taxable personal property including the cost of any improvements of the
personal property, such as additions to or renovations of the property other
than routine maintenance or repairs, and the year in which each item of taxable
personal property was acquired; and

(c) If the natural person, firm, corporation,
association or company owns at least 25 mobile or manufactured homes that are
being leased within the county for commercial purposes, and those homes have
not been converted to real property pursuant to NRS
361.244, the year, make or model, size, serial number and location of each
such mobile or manufactured home.

3. The statement must be returned not
later than July 31, except for a statement mailed to the taxpayer after July
15, in which case it must be returned within 15 days after demand for its
return is made. Upon petition of the property owner showing good cause, the
county assessor may grant one or more 30-day extensions.

4. If the owners of any taxable property
not listed by another person are absent or unknown, or fail to provide the
written statement as described in subsection 1, the county assessor shall make
an estimate of the value of the property and assess it accordingly. If the name
of the absent owner is known to the county assessor, the property must be
assessed in that name. If the name of the owner is unknown to the county
assessor, the property must be assessed to “unknown owner,” but no mistake made
in the name of the owner or the supposed owner of personal property renders the
assessment or any sale of the property for taxes invalid.

5. If any person, officer or agent
neglects or refuses on demand of the county assessor or his or her deputy to
give the statement required by this section, or gives a false name, or refuses
to give his or her name or sign the statement, the person, officer or agent is
guilty of a misdemeanor.

NRS 361.275Liability of county assessor for taxes not assessed through
willful or inexcusable neglect; duties of county auditor and county treasurer
regarding property not assessed.

1. The county assessor and his or her
sureties shall be, and they hereby are, made liable for the taxes on all
taxable property, within the county required to be assessed by the county
assessor, which is not assessed through the county assessor’s willful or
inexcusable neglect. Proof of the nonassessment of any taxable property within
the county shall be deemed prima facie evidence of such neglect.

2. The county auditor and the county
treasurer shall inform the district attorney of the county of the nature and
value of all property not assessed, naming the owner or owners thereof whenever
they or either of them shall know or have good reason to believe any property
within the county has not been assessed according to law.

[Part 6:344:1953]

NRS 361.280District attorney to report unassessed property to county
commissioners; hearing; action against county assessor; levy of double amount
of taxes against person refusing to give statement.

1. On or before January 15 of each year,
the district attorney shall report in writing to the board of county
commissioners of the county all taxable real and personal property in the
county unassessed. At that time the county assessor of such county may appear
and, by testimony under oath or by other sworn proof, explain to the board the
reason for such nonassessment.

2. If, after hearing such proofs, the
board shall be satisfied that such nonassessment was excusable in the county
assessor, the board shall cause an order to that effect to be entered upon its
minutes. If the board shall be satisfied that any nonassessment was not
excusable, then the board shall cause an order to that effect to be entered on
its minutes, and the district attorney shall demand of the county assessor all
the state and county taxes due and payable upon such property for the preceding
year. If the same shall not be paid by the county assessor within 10 days from
such demand, then the district attorney forthwith shall commence an action in a
court of competent jurisdiction against the county assessor and his or her
sureties for the collection, in one suit, of all sums payable by the county
assessor.

3. If it can be proven that any nonassessment
was caused by the refusal of the owner, agent or claimant of such property, or
of the person or persons having it in possession or under their control or
charge, to give a list of it to the county assessor, the county assessor shall
not be liable; but the person or persons whose refusal to give the county
assessor such list (and whose duty it was under the law to give such list)
caused the omission shall pay double the amount of the taxes that would have
been imposed upon the property had it been assessed.

[Part 6:344:1953]

NRS 361.295Assessment of real property by two counties: Examination and
determination by Department.When
real property is assessed by the county assessors of two counties on territory
claimed by both, the Department of Taxation shall examine the property and
determine the county to which the taxes must be paid.

NRS 361.300Time and manner for completion of secured tax roll; list of
taxpayers and valuations; notice of assessed valuation.

1. On or before January 1 of each year,
the county assessor shall transmit to the county clerk, post at the front door
of the courthouse and publish in a newspaper published in the county a notice
to the effect that the secured tax roll is completed and open for inspection by
interested persons of the county. A notice issued pursuant to this subsection
must include a statement that the secured tax roll is available for inspection
as specified in paragraph (b) of subsection 3. The statement published in the
newspaper must be displayed in the format used for advertisements and printed
in at least 10-point bold type or font.

2. If the county assessor fails to
complete the assessment roll in the manner and at the time specified in this
section, the board of county commissioners shall not allow the county assessor
a salary or other compensation for any day after January 1 during which the
roll is not completed, unless excused by the board of county commissioners.

3. Except as otherwise provided in
subsection 4, each board of county commissioners shall by resolution, before
December 1 of any fiscal year in which assessment is made, require the county
assessor to prepare a list of all the taxpayers on the secured roll in the
county and the total valuation of property on which they severally pay taxes
and direct the county assessor:

(a) To cause such list and valuations to be:

(1) Printed and delivered by the county
assessor or mailed by him or her on or before January 1 of the fiscal year in
which assessment is made to each taxpayer in the county; or

(2) Published once on or before January 1
of the fiscal year in which assessment is made in a newspaper of general
circulation in the county; and

(b) To cause such list and valuations to be:

(1) Posted in a public area of the public
libraries and branch libraries located in the county;

(2) Posted at the office of the county assessor;
and

(3) Published on an Internet website that
is maintained by the county assessor or, if the county assessor does not
maintain an Internet website, on an Internet website that is maintained by the
county.

4. A board of county commissioners may, in
the resolution required by subsection 3, authorize the county assessor not to
deliver or mail the list, as provided in subparagraph (1) of paragraph (a) of
subsection 3, to taxpayers whose property is assessed at $1,000 or less and
direct the county assessor to mail to each such taxpayer a statement of the
amount of his or her assessment. Failure by a taxpayer to receive such a mailed
statement does not invalidate any assessment.

5. The several boards of county
commissioners in the State may allow the bill contracted with their approval by
the county assessor under this section on a claim to be allowed and paid as are
other claims against the county.

6. Whenever:

(a) Any property on the secured tax roll is
appraised or reappraised pursuant to NRS 361.260,
the county assessor shall, on or before December 18 of the fiscal year in which
the appraisal or reappraisal is made, deliver or mail to each owner of such
property a written notice stating the assessed valuation of the property as
determined from the appraisal or reappraisal. A notice issued pursuant to this
paragraph must include a statement that the secured tax roll is available for
inspection as specified in paragraph (b) of subsection 3. If such a statement
is published in a newspaper, the statement must be displayed in the format used
for advertisements and printed in at least 10-point bold type or font.

(b) Any personal property billed on the unsecured
tax roll is appraised or reappraised pursuant to NRS
361.260, the delivery or mailing to the owner of such property of an
individual tax bill or individual tax notice for the property shall be deemed
to constitute adequate notice to the owner of the assessed valuation of the
property as determined from the appraisal or reappraisal.

7. If the secured tax roll is changed
pursuant to NRS 361.310, the county assessor shall
mail an amended notice of assessed valuation to each affected taxpayer. The
notice must include:

(a) The information set forth in subsection 6 for
the new assessed valuation.

(b) The dates for appealing the new assessed
valuation.

8. Failure by the taxpayer to receive a
notice required by this section does not invalidate the appraisal or
reappraisal.

9. In addition to complying with
subsections 6 and 7, a county assessor shall:

(a) Provide without charge a copy of a notice of
assessed valuation to the owner of the property upon request.

(b) Post the information included in a notice of
assessed valuation on a website or other Internet site, if any, that is
operated or administered by or on behalf of the county or the county assessor.

NRS 361.305Preparation by county assessor of maps or plats of city blocks
and subdivisions.The county
assessor shall also make a map or plat of the various blocks within any
incorporated city and shall mark thereon the various subdivisions, as they are
assessed. Each parcel in a subdivision must be further identified by a parcel
number in accordance with the parceling system prescribed by the Department.

NRS 361.310Time and manner for completion of assessment roll; closing and
reopening of roll as to changes; appeal of changes; log of changes to secured
roll.

1. On or before January 1 of each year,
the county assessor of each of the several counties shall complete the
assessment roll, and shall take and subscribe to an affidavit written therein
to the effect that he or she has made diligent inquiry and examination to
ascertain all the property within the county subject to taxation, and required
to be assessed by the county assessor, and that he or she has assessed the
property on the assessment roll equally and uniformly, according to the best of
his or her judgment, information and belief, at the rate provided by law. A
copy of the affidavit must be filed immediately by the assessor with the
Department. The failure to take or subscribe to the affidavit does not in any
manner affect the validity of any assessment contained in the assessment roll.

2. The county assessor shall close the
roll as to all changes on the day he or she delivers it for publication. The
roll may be reopened beginning the next day:

(a) For changes that occur before July 1 in:

(1) Ownership;

(2) Improvements as a result of new
construction, destruction or removal;

(3) Land parceling;

(4) Site improvements;

(5) Zoning or other legal or physical
restrictions on use;

(6) Actual use, including changes in
agricultural or open space use;

(7) Exemptions; or

(8) Items of personal property on the
secured roll;

(b) To correct assessments because of a clerical,
typographical or mathematical error; or

(c) To correct overassessments because of a
factual error in existence, size, quantity, age, use or zoning, or legal or
physical restrictions on use.

3. Any changes made after the roll is
reopened pursuant to subsection 2 may be appealed to the county board of
equalization in the current year or the next succeeding year.

4. Each county assessor shall keep a log
of all changes in value made to the secured roll after it has been reopened. On
or before October 31 of each year, the county assessor shall transmit a copy of
the log to the board of county commissioners and the Nevada Tax Commission.

NRS 361.315Meetings to establish valuation for purposes of assessment.

1. Except as otherwise provided in
subsection 3, annually, a regular session of the Nevada Tax Commission shall be
held at Carson City, Nevada, beginning on the first Monday in October and
continuing from day to day until the business of the particular session is
completed, at which valuations shall be established by the Nevada Tax Commission
on the several kinds and classes of property mentioned in NRS 361.320.

2. The publication in the statutes of the
foregoing time, place and purpose of each regular session of the Nevada Tax
Commission shall be deemed notice of such sessions, or if it so elects the
Nevada Tax Commission may cause published notices of such regular sessions to
be made in the press, or may notify parties in interest by letter or otherwise.

3. The Nevada Tax Commission may designate
some place other than Carson City, Nevada, for the regular session specified in
subsection 1. If such other place is so designated, notice thereof shall be
given by publication of a notice once a week for 2 consecutive weeks in some
newspaper of general circulation in the county in which such regular session is
to be held.

4. All sessions are public and any person
is entitled to appear in person or by his or her agent or attorney. Evidence of
valuation which is determined by using appropriate appraisal standards may be
submitted, except as otherwise provided in this chapter. In lieu of an
appearance, the person may file with the Department a written statement
containing his or her claim and any evidence thereon with respect to the
valuation of his or her property or the property of others.

NRS 361.318Reports by companies that use property of interstate or
intercounty nature: Filing requirements; extension of time to file; failure to
file.

1. To enable the Nevada Tax Commission to
establish appropriate valuations of property pursuant to subsection 1 of NRS 361.320, each company that uses property subject
to valuation pursuant to subsection 1 of NRS 361.320
shall file with the Nevada Tax Commission a written report, signed under
penalty of perjury, that contains such financial and other information as
required by the Nevada Tax Commission. Except as otherwise provided in
subsection 2, the report must be filed:

(a) On or before March 31 of each year; or

(b) If the Nevada Tax Commission notifies the
company that the Nevada Tax Commission will determine the valuation of the
property for the first time or because the property has been found to be
escaping taxation, within 45 days after receipt of the notification.

2. A company subject to the reporting
requirements of subsection 1 may, at any time before the date otherwise due for
the filing of the report, submit a written request to the Department for an
extension of time in which to file the report with the Nevada Tax Commission.
If the Department determines that good cause exists for an extension, the
Department may grant the company a 45-day extension in which to file the
report.

3. If a company subject to the reporting
requirements of subsection 1 fails to provide the required report to the Nevada
Tax Commission by the date due, the Nevada Tax Commission may make an estimate
of the value of the property and assess it accordingly.

4. If a company subject to the reporting
requirements of subsection 1 fails to file a required report by the date due,
the company shall pay to the Department a penalty of 10 percent of the tax due
or $5,000, whichever is less. The Department shall deposit any amount paid as a
penalty in the State General Fund. The Department may, for good cause shown,
waive the payment of the penalty or any part thereof.

NRS 361.320Determination and allocation of valuation for property of
interstate or intercounty nature; billing, collection and remittance of taxes
on private car lines.

1. At the regular session of the Nevada
Tax Commission commencing on the first Monday in October of each year, the
Nevada Tax Commission shall examine the reports filed pursuant to NRS 361.318 and establish the valuation for assessment
purposes of any property of an interstate or intercounty nature used directly
in the operation of all interstate or intercounty railroad, sleeping car,
private car, natural gas transmission and distribution, water, telephone, scheduled
and unscheduled air transport, electric light and power companies, and the
property of all railway express companies operating on any common or contract
carrier in this State. This valuation must not include the value of vehicles as
defined in NRS 371.020.

2. Except as otherwise provided in
subsections 3, 4 and 7 and NRS 361.323, the Nevada
Tax Commission shall establish and fix the valuation of all physical property
used directly in the operation of any such business of any such company in this
State, as a collective unit. If the company is operating in more than one
county, on establishing the unit valuation for the collective property, the
Nevada Tax Commission shall then determine the total aggregate mileage operated
within the State and within its several counties and apportion the mileage upon
a mile-unit valuation basis. The number of miles apportioned to any county are
subject to assessment in that county according to the mile-unit valuation
established by the Nevada Tax Commission.

3. After establishing the valuation, as a
collective unit, of a public utility which generates, transmits or distributes
electricity, the Nevada Tax Commission shall segregate the value of any project
in this State for the generation of electricity which is not yet put to use.
This value must be assessed in the county where the project is located and must
be taxed at the same rate as other property.

4. After establishing the valuation, as a
collective unit, of an electric light and power company that places a facility
into operation on or after July 1, 2003, in a county whose population is less
than 100,000, the Nevada Tax Commission shall segregate the value of the
facility from the collective unit. This value must be assessed in the county
where the facility is located and taxed at the same rate as other property.

5. The Nevada Tax Commission shall adopt
formulas and incorporate them in its records, providing the method or methods
pursued in fixing and establishing the taxable value of all property assessed
by it. The formulas must be adopted and may be changed from time to time upon
its own motion or when made necessary by judicial decisions, but the formulas
must in any event show all the elements of value considered by the Nevada Tax
Commission in arriving at and fixing the value for any class of property
assessed by it. These formulas must take into account, as indicators of value,
the company’s income and the cost of its assets, but the taxable value may not
exceed the cost of replacement as appropriately depreciated.

6. If two or more persons perform separate
functions that collectively are needed to deliver electric service to the final
customer and the property used in performing the functions would be centrally
assessed if owned by one person, the Nevada Tax Commission shall establish its
valuation and apportion the valuation among the several counties in the same
manner as the valuation of other centrally assessed property. The Nevada Tax
Commission shall determine the proportion of the tax levied upon the property
by each county according to the valuation of the contribution of each person to
the aggregate valuation of the property. This subsection does not apply to a
qualifying facility, as defined in 18 C.F.R. § 292.101, which was constructed
before July 1, 1997, or to an exempt wholesale generator, as defined in 15
U.S.C. § 79z-5a.

7. A company engaged in a business
described in subsection 1 that does not have property of an interstate or intercounty
nature must be assessed as provided in subsection 8.

8. All other property, including, without
limitation, that of any company engaged in providing commercial mobile radio
service, radio or television transmission services or cable television or other
video services, must be assessed by the county assessors, except as otherwise
provided in NRS 361.321 and 362.100 and except that the valuation of
land and mobile homes must be established for assessment purposes by the Nevada
Tax Commission as provided in NRS 361.325.

9. On or before November 1 of each year,
the Department shall forward a tax statement to each private car line company
based on the valuation established pursuant to this section and in accordance
with the tax levies of the several districts in each county. The company shall
remit the ad valorem taxes due on or before December 15 to the Department,
which shall allocate the taxes due each county on a mile-unit basis and remit
the taxes to the counties no later than January 31. The portion of the taxes which
is due the State must be transmitted directly to the State Treasurer. A company
which fails to pay the tax within the time required shall pay a penalty of 10
percent of the tax due or $5,000, whichever is greater, in addition to the tax.
Any amount paid as a penalty must be deposited in the State General Fund. The
Department may, for good cause shown, waive the payment of a penalty pursuant
to this subsection. As an alternative to any other method of recovering
delinquent taxes provided by this chapter, the Attorney General may bring a
civil action in a court of competent jurisdiction to recover delinquent taxes
due pursuant to this subsection in the manner provided in NRS 361.560.

10. For the purposes of this section, an
unscheduled air transport company does not include a company that only uses
three or fewer fixed-wing aircraft with a weight of less than 12,500 pounds to
provide transportation services, if the company elects, in the form and manner
prescribed by the Department, to have the property of the company assessed by a
county assessor.

11. As used in this section:

(a) “Company” means any person, company,
corporation or association engaged in the business described.

(b) “Commercial mobile radio service” has the
meaning ascribed to it in 47 C.F.R. § 20.3, as that section existed on January
1, 1998.

1. The Department shall enter on a central
assessment roll the assessed valuation established for such classes of property
as are enumerated in NRS 361.320, except for
private car lines, together with the apportionment of each county of the
assessment.

2. On or before January 1 of the fiscal
year in which the assessment is made, the Department shall mail to each
taxpayer on the central assessment roll a notice of the amount of the
taxpayer’s assessment. The Department shall bill each such taxpayer pursuant to
subsection 3 of NRS 361.480. Except as otherwise
provided in subsection 3, the tax must be paid to the Department pursuant to NRS 361.483.

3. If the amount of any tax required by NRS 361.320 or 361.321 for
property placed on the unsecured tax roll is not paid within 10 days after it
is due, it is delinquent and must be collected as other delinquent taxes are
collected by law, together with a penalty of 10 percent of the amount of the
tax which is owed, as determined by the Department, in addition to the tax,
plus interest at the rate of 1 percent per month, or fraction of a month, from
the date the tax was due until the date of payment. The Department shall
deposit all amounts paid as a penalty or interest pursuant to this subsection
in the State General Fund.

4. Upon receipt, the Department shall
apportion and promptly remit all taxes due each county.

5. As an alternative to any other method
of recovering delinquent taxes provided by this chapter, the Attorney General
may bring a civil action in a court of competent jurisdiction to recover
delinquent taxes due under this section in the manner provided in NRS 361.560.

NRS 361.321Report of new construction by business; valuation for assessment
purposes; supplemental tax bill; payment and apportionment of taxes.

1. Any business which owns, manages or
operates property that is assessed pursuant to NRS
361.320 shall, on or before the first Monday in September of each year,
submit to the Department a report of any construction which represents a net
addition to its property as distinguished from an addition of property exempt
from taxation, a replacement or repair:

(a) During the period from July 1 to December 31
of the preceding fiscal year; and

(b) During the period from January 1 to June 30
of the preceding fiscal year.

2. At the regular session of the Nevada
Tax Commission commencing on the first Monday in October of each year, the
Nevada Tax Commission shall establish the valuation of, for assessment
purposes:

(a) The property reported pursuant to paragraph
(b) of subsection 1, and enter that valuation on the central assessment roll
pursuant to NRS 361.3205 for the next fiscal year;
and

(b) The property reported pursuant to paragraphs
(a) and (b) of subsection 1 for supplemental tax bills for the current fiscal
year.

3. The Department shall mail a
supplemental tax bill to each person reporting construction pursuant to
subsection 1 by November 1 of each year. The bills must be mailed pursuant to
subsection 2 of NRS 361.3205.

4. Taxes assessed pursuant to paragraph
(b) of subsection 2 must be paid to the Department by December 15 of each year.
Upon receipt, the Department shall apportion and promptly remit all taxes due
each county.

5. The county assessor of each county
shall not assess property assessed pursuant to this section.

NRS 361.323Determination and apportionment of valuation for property of
electric light and power companies used to generate or transmit electricity for
use outside State.

1. Except as otherwise provided in NRS 361.320, where 75 percent or more of the physical
property of an electric light and power company is devoted to the generation or
transmission of electricity for use outside the State of Nevada and the
physical property also includes three or more operating units which are not
interconnected at any point within the State of Nevada, the Nevada Tax
Commission shall successively:

(a) Determine separately the valuation of each
operating unit, using the criteria provided in subsection 2 of NRS 361.320.

(b) Apportion 15 percent of the valuation of each
operating unit which generates electricity predominantly for use outside Nevada
to each other operating unit within the State of Nevada.

(c) Apportion the valuation of each operating
unit, adjusted as required by paragraph (b) upon a mile-unit basis among the
counties in which the operating unit is located.

2. Except as otherwise provided in NRS 361.320, where 75 percent or more of the physical
property of an electric light and power company is devoted to the generation or
transmission of electricity for use outside the State of Nevada and the
physical property also includes two but not more than two operating units which
are not interconnected at any point within the State of Nevada, the Nevada Tax
Commission shall successively:

(a) Determine separately the valuation of each
operating unit, using the criteria provided in subsection 2 of NRS 361.320.

(b) Apportion 20 percent of the valuation of each
operating unit which generates electricity predominantly for use outside Nevada
to each other operating unit within the State of Nevada.

(c) Apportion the valuation of each operating
unit, adjusted as required by paragraph (b) upon a mile-unit basis among the
counties in which the operating unit is located.

1. On or before the first Monday in June
of each year, the Nevada Tax Commission shall:

(a) Fix and establish the valuation for
assessment purposes of all mobile homes in the State.

(b) Classify land and fix and establish the
valuation thereof for assessment purposes. The classification of agricultural
land must be made on the basis of crop, timber or forage production, either in
tons of crops per acre, board feet or other unit, or animal unit months of
forage. An animal unit month is the amount of forage which is necessary for the
complete sustenance of one animal unit for 1 month. One animal unit is defined
as one cow and calf, or its equivalent, and the amount of forage necessary to
sustain one animal unit for 1 month is defined as 900 pounds of dry weight
forage.

2. The valuation of mobile homes and land
so fixed and established is for the next succeeding year and is subject to
equalization by the State Board of Equalization.

3. In establishing the value of new mobile
homes sold on or after July 1, 1982, the Nevada Tax Commission shall classify
them according to those factors which most closely determine their useful
lives. In establishing the value of other mobile homes, the Commission shall
begin with the retail selling price and depreciate it by 5 percent per year,
but not below 20 percent of its original amount.

4. The Nevada Tax Commission shall cause
to be placed on the assessment roll of any county property found to be escaping
taxation coming to its knowledge after the adjournment of the State Board of
Equalization. This property must be placed upon the assessment roll prior to
the delivery thereof to the ex officio tax receiver. If such property cannot be
placed upon the assessment roll of the proper county within the proper time, it
must be placed upon the tax roll for the next ensuing year, in addition to the
assessment for the current year, if any, and taxes thereon must be collected
for the prior year in the same amount as though collected upon the prior year’s
assessment roll.

5. The Nevada Tax Commission shall not
raise or lower any valuations established by the State Board of Equalization
unless, by the addition to any assessment roll of property found to be escaping
taxation, it is necessary to do so.

6. Nothing in this section provides an
appeal from the acts of the State Board of Equalization to the Nevada Tax
Commission.

NRS 361.330Effect of noncompliance on assessment and collection of taxes.No assessment of property is invalid, and no
collection of taxes may be enjoined, restrained or ordered to be refunded, on
account of any failure:

2. To do any act required by this chapter
within the time so required, if notice and an opportunity to be heard were
afforded generally to the class of taxpayers affected by the act required to be
done.

(a) Determine the ratio of the assessed value of
each type or class of property for which the county assessor has the
responsibility of assessing in each county to:

(1) The assessed value of comparable
property in the remaining counties.

(2) The taxable value of that type or
class of property within that county.

(b) Publish and deliver to the county assessors
and the boards of county commissioners of the counties of this state:

(1) A comparison of the latest median
ratio, overall ratio and coefficient of dispersion of the median for:

(I) The total property for each of
the 17 counties; and

(II) Each major class of property
within each county.

(2) A determination whether each county
has adequate procedures to ensure that all property subject to taxation is
being assessed in a correct and timely manner.

(3) A summary for each county of any
deficiencies that were discovered in carrying out the study of those ratios.

2. The Nevada Tax Commission shall
allocate the counties into three groups such that the work of conducting the
study is approximately the same for each group. The Department shall conduct
the study in one group each year. The Commission may from time to time
reallocate counties among the groups, but each county must be studied at least
once in every 3 years.

3. In conducting the study the Department
shall include an adequate sample of each major class of property and may use
any statistical criteria that will indicate an accurate ratio of taxable value
to assessed value and an accurate measure of equality in assessment.

4. During the month of May of each year,
the board of county commissioners, or a representative designated by the
board’s chair, and the county assessor, or a representative designated by the
assessor, of each county in which the study was conducted shall meet with the
Nevada Tax Commission. The board of county commissioners and the county
assessor, or their representatives, shall:

(a) Present evidence to the Nevada Tax Commission
of the steps taken to ensure that all property subject to taxation within the
county has been assessed as required by law.

(b) Demonstrate to the Nevada Tax Commission that
any adjustments in assessments ordered in the preceding year as a result of the
procedure provided in paragraph (c) of subsection 5 have been complied with.

5. At the conclusion of each meeting with
the board of county commissioners and the county assessor, or their
representatives, the Nevada Tax Commission may:

(a) If it finds that all property subject to
taxation within the county has been assessed at the proper percentage, take no
further action.

(b) If it finds that any class of property is
assessed at less or more than the proper percentage, and if the board of county
commissioners approves, order a specified percentage increase or decrease in
the assessed valuation of that class on the succeeding tax list and assessment
roll.

(c) If it finds the existence of underassessment
or overassessment wherein the ratio of assessed value to taxable value is less
than 32 percent or more than 36 percent in any of the following classes:

(1) Improvement values for the reappraisal
area;

(2) Land values for the reappraisal area;
and

(3) Total property values for each of the
following use categories in the reappraisal area:

(I) Vacant;

(II) Single-family residential;

(III) Multi-residential;

(IV) Commercial and industrial; and

(V) Rural,

Ê of the
county which are required by law to be assessed at 35 percent of their taxable
value, if in the nonreappraisal area the approved land and improvement factors
are not being correctly applied or new construction is not being added to the
assessment roll in a timely manner, or if the board of county commissioners
does not agree to an increase or decrease in assessed value as provided in
paragraph (b), order the board of county commissioners to employ forthwith one
or more qualified appraisers approved by the Department. The payment of those appraisers’
fees is a proper charge against the county notwithstanding that the amount of
such fees has not been budgeted in accordance with law. The appraisers shall
determine whether or not the county assessor has assessed all real and personal
property in the county subject to taxation at the rate of assessment required
by law. The appraisers may cooperate with the Department in making their
determination if so agreed by the appraisers and the Department, and shall
cooperate with the Department in preparing a report to the Nevada Tax
Commission. The report to the Nevada Tax Commission must be made on or before
October 1 following the date of the order. If the report indicates that any
real or personal property in the county subject to taxation has not been
assessed at the rate required by law, a copy of the report must be transmitted
to the board of county commissioners by the Department before November 1. The
board of county commissioners shall then order the county assessor to raise or
lower the assessment of such property to the rate required by law on the
succeeding tax list and assessment roll.

6. The Nevada Tax Commission may adopt
regulations reasonably necessary to carry out the provisions of this section.

7. Any county assessor who refuses to increase
or decrease the assessment of any property pursuant to an order of the Nevada
Tax Commission or the board of county commissioners as provided in this section
is guilty of malfeasance in office.

1. The term “property” includes a
leasehold interest, possessory interest, beneficial interest or beneficial use
of a lessee or user of property which is taxable pursuant to NRS 361.157 or 361.159.

2. Where the term “property” is read to
mean a taxable leasehold interest, possessory interest, beneficial interest or
beneficial use of a lessee or user of property, the term “owner” used in
conjunction therewith must be interpreted to mean the lessee or user of the
property.

NRS 361.335Notice of completion of assessment roll and of meeting of county
board of equalization.After the
assessment roll has been completed pursuant to NRS
361.300, the clerk of the board of county commissioners shall thereupon
immediately give notice thereof and of the time the county board of
equalization will meet to equalize assessments. The notice must be given by
publication in a newspaper of the county, if there is one so published in the
county, and by posting at the front door of the courthouse, and in such
additional manner as the board of county commissioners may direct.

1. Except as otherwise provided in
subsection 2, the board of equalization of each county consists of:

(a) Five members, only two of whom may be elected
public officers, in counties having a population of 15,000 or more; and

(b) Three members, only one of whom may be an
elected public officer, in counties having a population of less than 15,000.

2. The board of county commissioners may
by resolution provide for an additional panel of like composition to be added
to the board of equalization to serve for a designated fiscal year. The board
of county commissioners may also appoint alternate members to either panel.

3. A district attorney, county treasurer
or county assessor or any of their deputies or employees may not be appointed
to the county board of equalization.

4. The chair of the board of county
commissioners shall nominate persons to serve on the county board of
equalization who are sufficiently experienced in business generally to be able
to bring knowledge and sound judgment to the deliberations of the board or who
are elected public officers. The nominees must be appointed upon a majority
vote of the board of county commissioners. The chair of the board of county
commissioners shall designate one of the appointees to serve as chair of the
county board of equalization.

5. Except as otherwise provided in this
subsection, the term of each member is 4 years and any vacancy must be filled
by appointment for the unexpired term. The term of any elected public officer
expires upon the expiration of the term of his or her elected office.

6. The county clerk or his or her
designated deputy is the clerk of each panel of the county board of
equalization.

7. Any member of the county board of
equalization may be removed by the board of county commissioners if, in its
opinion, the member is guilty of malfeasance in office or neglect of duty.

8. The members of the county board of
equalization are entitled to receive per diem allowance and travel expenses as
provided for state officers and employees. The board of county commissioners of
any county may by resolution provide for compensation to members of the board
of equalization in its county who are not elected public officers as it deems
adequate for time actually spent on the work of the board of equalization. In
no event may the rate of compensation established by a board of county
commissioners exceed $125 per day.

9. A majority of the members of the county
board of equalization constitutes a quorum, and a majority of the board
determines the action of the board.

10. A county board of equalization shall
comply with any applicable regulation adopted by the Nevada Tax Commission.

11. The county board of equalization of
each county shall hold such number of meetings as may be necessary to care for
the business of equalization presented to it. Every appeal to the county board
of equalization must be filed not later than January 15. If January 15 falls on
a Saturday, Sunday or legal holiday, the appeal may be filed on the next
business day. Each county board shall cause to be published, in a newspaper of
general circulation published in that county, a schedule of dates, times and
places of the board meetings at least 5 days before the first meeting. The
county board of equalization shall conclude the business of equalization on or
before the last day of February of each year except as to matters remanded by
the State Board of Equalization. The State Board of Equalization may establish
procedures for the county boards, including setting the period for hearing
appeals and for setting aside time to allow the county board to review and make
final determinations. The district attorney or his or her deputy shall be
present at all meetings of the county board of equalization to explain the law
and the board’s authority.

12. The county assessor or his or her
deputy shall attend all meetings of each panel of the county board of
equalization.

NRS 361.345Power of county board of equalization to change valuation of
property; review of changes in valuation and estimation of certain property by
county assessor; notice of addition to assessed valuation.

1. Except as otherwise provided in
subsection 2, the county board of equalization may:

(a) Determine the valuation of any real or
personal property placed on:

(1) The secured tax roll which was
assessed by the county assessor; or

(2) The unsecured tax roll which was
assessed by the county assessor on or after May 1 and on or before December 15;
and

(b) Change and correct any valuation found to be
incorrect either by adding thereto or by deducting therefrom such sum as is
necessary to make it conform to the taxable value of the property assessed,
whether that valuation was fixed by the owner or the county assessor. The
county board of equalization may not reduce the assessment of the county
assessor unless it is established by a preponderance of the evidence that the
valuation established by the county assessor exceeds the full cash value of the
property or is inequitable. A change so made is effective only for the fiscal
year for which the assessment was made. The county assessor shall each year
review all such changes made for the previous fiscal year and maintain or
remove each change as circumstances warrant.

2. If a person complaining of the
assessment of his or her property:

(a) Has refused or, without good cause, has
neglected to give the county assessor the person’s list under oath, as required
by NRS 361.265; or

(b) Has, without good cause, refused entry to the
assessor for the purpose of conducting the physical examination required by NRS 361.260,

Ê the county
assessor shall make a reasonable estimate of the property and assess it
accordingly. No reduction may be made by the county board of equalization from
the assessment of the county assessor made pursuant to this subsection.

3. If the county board of equalization
finds it necessary to add to the assessed valuation of any property on the
assessment roll, it shall direct the clerk to give notice to the person so
interested by registered or certified letter, or by personal service, naming
the day when it will act on the matter and allowing a reasonable time for the
interested person to appear.

NRS 361.350List of assessments increased by county board of equalization;
hearing before State Board of Equalization.

1. On the day after the adjournment of the
county board of equalization the clerk shall prepare a list of the names of
those whose assessments have been added to by the county board of equalization,
and who did not appear before the county board of equalization, and shall cause
such list to be published one time in a newspaper of the county, if there is a
newspaper so published in the county, and to be posted at the front door of the
courthouse.

2. Any person whose name appears thereon
and who makes an affidavit to the effect that the person did not receive the
notice required to be given by the clerk may appear before the State Board of
Equalization and shall be given a hearing.

[Part 18:344:1953; A 1954, 29]—(NRS A 1957, 577)

NRS 361.355Complaints of overvaluation or excessive valuation by reason of
undervaluation or nonassessment of other property.

1. Any person, firm, company, association
or corporation, claiming overvaluation or excessive valuation of its real or
secured personal property in the State, whether assessed by the Nevada Tax
Commission or by the county assessor or assessors, by reason of undervaluation
for taxation purposes of the property of any other person, firm, company, association
or corporation within any county of the State or by reason of any such property
not being so assessed, shall appear before the county board of equalization of
the county or counties where the undervalued or nonassessed property is located
and make complaint concerning it and submit proof thereon. The complaint and
proof must show the name of the owner or owners, the location, the description,
and the taxable value of the property claimed to be undervalued or nonassessed.

2. Any person, firm, company, association
or corporation wishing to protest the valuation of real or personal property
placed on the unsecured tax roll which is assessed between May 1 and December
15 may appeal the assessment on or before the following January 15, or the
first business day following January 15 if it falls on a Saturday, Sunday or
holiday, to the county board of equalization.

3. The county board of equalization
forthwith shall examine the proof and all data and evidence submitted by the
complainant, together with any evidence submitted thereon by the county
assessor or any other person. If the county board of equalization determines
that the complainant has just cause for making the complaint it shall
immediately make such increase in valuation of the property complained of as
conforms to its taxable value, or cause the property to be placed on the
assessment roll at its taxable value, as the case may be, and make proper
equalization thereof.

4. Except as provided in subsection 5 and NRS 361.403, any such person, firm, company,
association or corporation who fails to make a complaint and submit proof to
the county board of equalization of each county wherein it is claimed property
is undervalued or nonassessed as provided in this section, is not entitled to
file a complaint with, or offer proof concerning that undervalued or
nonassessed property to, the State Board of Equalization.

5. If the fact that there is such
undervalued or nonassessed property in any county has become known to the
complainant after the final adjournment of the county board of equalization of
that county for that year, the complainant may file the complaint on or before
March 10 with the State Board of Equalization and submit his or her proof as
provided in this section at a session of the State Board of Equalization, upon
complainant proving to the satisfaction of the State Board of Equalization he
or she had no knowledge of the undervalued or nonassessed property before the
final adjournment of the county board of equalization. If March 10 falls on a
Saturday, Sunday or legal holiday, the complaint may be filed on the next
business day. The State Board of Equalization shall proceed in the matter in
the same manner as provided in this section for a county board of equalization
in such a case, and cause its order thereon to be certified to the county
auditor with direction therein to change the assessment roll accordingly.

NRS 361.356Appeal to county board of equalization where inequity exists.

1. An owner of any real or personal
property placed on:

(a) The secured tax roll who believes that his or
her property was assessed at a higher value than another property whose use is
identical and whose location is comparable may appeal the assessment, on or
before January 15 of the fiscal year in which the assessment was made, to the
county board of equalization. If January 15 falls on a Saturday, Sunday or
legal holiday, the appeal may be filed on the next business day.

(b) The unsecured tax roll which was assessed on
or after May 1 and on or before December 15 who believes that his or her
property was assessed at a higher value than another property whose use is
identical and whose location is comparable may appeal the assessment, on or
before the following January 15, to the county board of equalization. If
January 15 falls on a Saturday, Sunday or legal holiday, the appeal may be
filed on the next business day.

2. Before a person may file an appeal
pursuant to subsection 1, the person must complete a form provided by the
county assessor to appeal the assessment to the county board of equalization.
The county assessor may, before providing such a form, require the person
requesting the form to provide the parcel number or other identification number
of the property that is the subject of the planned appeal.

3. If the board finds that an inequity
exists in the assessment of the value of the land or the value of the
improvements, or both, the board may add to or deduct from the value of the
land or the value of the improvements, or both, either of the appellant’s
property or of the property to which it is compared, to equalize the
assessment.

4. In the case of residential property,
the appellant shall cite other property within the same subdivision if
possible.

NRS 361.357Appeal to county board of equalization where full cash value of
property is less than its taxable value.

1. The owner of any real or personal
property placed on:

(a) The secured tax roll who believes that the
full cash value of his or her property is less than the taxable value computed
for the property in the current assessment year may, not later than January 15
of the fiscal year in which the assessment was made, appeal to the county board
of equalization. If January 15 falls on a Saturday, Sunday or legal holiday,
the appeal may be filed on the next business day.

(b) The unsecured tax roll which was assessed on
or after May 1 and on or before December 15 who believes that the full cash
value of his or her property is less than the taxable value computed for the
property in the current assessment year may, not later than the following
January 15, appeal to the county board of equalization. If January 15 falls on
a Saturday, Sunday or legal holiday, the appeal may be filed on the next
business day.

2. Before a person may file an appeal
pursuant to subsection 1, the person must complete a form provided by the
county assessor to appeal the assessment to the county board of equalization.
The county assessor may, before providing such a form, require the person
requesting the form to provide the parcel number or other identification number
of the property that is the subject of the planned appeal.

3. If the county board of equalization
finds that the full cash value of the property on January 1 immediately
preceding the fiscal year for which the taxes are levied is less than the
taxable value computed for the property, the board shall correct the land value
or fix a percentage of obsolescence to be deducted from the otherwise computed
taxable value of the improvements, or both, to make the taxable value of the
property correspond as closely as possible to its full cash value.

4. No appeal under this section may result
in an increase in the taxable value of the property.

1. Any taxpayer aggrieved at the action of
the county board of equalization in equalizing, or failing to equalize, the
value of his or her property, or property of others, or a county assessor, may
file an appeal with the State Board of Equalization on or before March 10 and
present to the State Board of Equalization the matters complained of at one of
its sessions. If March 10 falls on a Saturday, Sunday or legal holiday, the
appeal may be filed on the next business day.

2. All such appeals must be presented upon
the same facts and evidence as were submitted to the county board of
equalization in the first instance, unless there is discovered new evidence
pertaining to the matter which could not, by due diligence, have been
discovered before the final adjournment of the county board of equalization.
The new evidence must be submitted in writing to the State Board of
Equalization and served upon the county assessor not less than 7 days before
the hearing.

3. Any taxpayer whose real or personal
property placed on the unsecured tax roll was assessed after December 15 but
before or on the following April 30 may likewise protest to the State Board of
Equalization. Every such appeal must be filed on or before May 15. If May 15 falls
on a Saturday, Sunday or legal holiday, the appeal may be filed on the next
business day. A meeting must be held before May 31 to hear those protests that
in the opinion of the State Board of Equalization may have a substantial effect
on tax revenues. One or more meetings may be held at any time and place in the
State before November 1 to hear all other protests.

4. The State Board of Equalization may not
reduce the assessment of the county assessor if:

(a) The appeal involves an assessment on property
which the taxpayer has refused or, without good cause, has neglected to include
in the list required of the taxpayer pursuant to NRS
361.265 or if the taxpayer has refused or, without good cause, has
neglected to provide the list to the county assessor; or

(b) The taxpayer has, without good cause, refused
entry to the assessor for the purpose of conducting the physical examination
authorized by NRS 361.260.

5. Any change made in an assessment appealed
to the State Board of Equalization is effective only for the fiscal year for
which the assessment was made. The county assessor shall review each such
change and maintain or remove the change as circumstances warrant for the next
fiscal year.

6. If the State Board of Equalization
determines that the record of a case on appeal from the county board of
equalization is inadequate because of an act or omission of the county
assessor, the district attorney or the county board of equalization, the State
Board of Equalization may remand the case to the county board of equalization
with directions to develop an adequate record within 30 days after the remand.
The directions must indicate specifically the inadequacies to be remedied. If
the State Board of Equalization determines that the record returned from the
county board of equalization after remand is still inadequate, the State Board
of Equalization may hold a hearing anew on the appellant’s complaint or it may,
if necessary, contract with an appropriate person to hear the matter, develop
an adequate record in the case and submit recommendations to the State Board.
The cost of the contract and all costs, including attorney’s fees, to the State
or the appellant necessary to remedy the inadequate record on appeal are a
charge against the county.

NRS 361.362Appeal on behalf of owner of property.Except
as otherwise provided in this section, at the time that a person files an appeal
pursuant to NRS 361.356, 361.357
or 361.360 on behalf of the owner of a property,
the person shall provide to the county board of equalization or the State Board
of Equalization, as appropriate, written authorization from the owner of the
property that authorizes the person to file the appeal concerning the assessment
that was made. If the person files the appeal in a timely manner without the
written authorization required by this section, the person may provide that
written authorization within 48 hours after the last day allowed for filing the
appeal.

NRS 361.365Records of hearings of county board of equalization: Format and
contents; transmittal to State Board of Equalization; availability to public;
duties of complainant who requests transcript.

1. Each county board of equalization
shall, at the expense of the county, cause complete minutes and an audio
recording or transcript to be taken at each hearing. In addition to the
requirements of NRS 241.035, these
minutes must include the title of all exhibits, papers, reports and other
documentary evidence submitted to the county board of equalization by the
complainant. The clerk of the county board of equalization shall forward the
minutes and audio recordings or transcripts to the Secretary of the State Board
of Equalization. A copy of the minutes or audio recordings must be made
available to a member of the public upon request at no charge pursuant to NRS 241.035.

2. If a transcript of any hearing held
before the county board of equalization is requested by the complainant, he or
she shall furnish the reporter, pay for the transcript and deliver a copy of
the transcript to the clerk of the county board of equalization and the
Secretary of the State Board of Equalization upon filing an appeal.

1. The State Board of Equalization,
consisting of five members appointed by the Governor, is hereby created. The
Governor shall designate one of the members to serve as Chair of the Board.

2. The Governor shall appoint:

(a) One member who is a certified public
accountant or a registered public accountant.

(b) One member who is a property appraiser with a
professional designation.

(c) One member who is versed in the valuation of
centrally assessed properties.

(d) Two members who are versed in business
generally.

3. Only three of the members may be of the
same political party and no more than two may be from the same county.

4. An elected public officer or his or her
deputy, employee or any person appointed by him or her to serve in another
position must not be appointed to serve as a member of the State Board of
Equalization.

5. After the initial terms, members serve
terms of 4 years, except when appointed to fill unexpired terms. No member may
serve more than two full terms consecutively.

6. Any member of the State Board of
Equalization may be removed by the Governor if, in the opinion of the Governor,
that member is guilty of malfeasance in office or neglect of duty.

7. Each member of the State Board of
Equalization is entitled to receive a salary of not more than $80, as fixed by
the Board, for each day actually employed on the work of the Board.

8. While engaged in the business of the
State Board of Equalization, each member and employee of the Board is entitled
to receive the per diem allowance and travel expenses provided for state
officers and employees generally.

9. A majority of the members of the State
Board of Equalization constitutes a quorum, and a majority of the Board shall
determine the action of the Board. The Board may adopt regulations governing
the conduct of its business.

10. The State Board of Equalization shall
comply with any applicable regulation adopted by the Nevada Tax Commission.

11. The staff of the State Board of
Equalization must be provided by the Department and the Executive Director is
the Secretary of the Board.

1. Except as otherwise provided in
subsection 3, annually, the State Board of Equalization shall convene on the
fourth Monday in March in Carson City, Nevada, and shall hold such number of
meetings as may be necessary to care for the business of equalization presented
to it. If a proposed equalization affects local governmental entities in more
than one county and the equalization, in the opinion of the State Board of
Equalization, is likely to have a substantial effect on tax revenues, the State
Board of Equalization shall notify each affected local governmental entity of
the proposed equalization on or before April 30. Cases may be heard at additional
meetings which may be held at any time and place in the state before November
1.

2. The publication in the statutes of the
foregoing time, place and purpose of each regular session of the State Board of
Equalization is notice of such sessions, or if it so elects, the State Board of
Equalization may cause published notices of such regular sessions to be made in
the press, or may notify parties in interest by letter or otherwise.

3. The State Board of Equalization may
designate some place other than Carson City, Nevada, for any of the meetings
specified in subsection 1. If such other place is so designated, notice thereof
must be given by publication of a notice once a week for 2 consecutive weeks in
some newspaper of general circulation in the county in which such meeting or
meetings are to be held. The State Board of Equalization must also post a
schedule of each such meeting on the Internet website maintained by the
Department.

1. All sessions shall be public and any
person is entitled to appear in person or by his or her agent or attorney.
Evidence may be submitted, except as otherwise provided in this chapter. In
lieu of an appearance, the person may file with the State Board of Equalization
a written statement containing his or her claim and any evidence thereon with
respect to the valuation of his or her property or the property of others.

2. Nothing contained in this section
relieves such claimant or any board, commission or officer from complying with
all the requirements of law relative to the manner and form of appealing from
the action of county boards of equalization, and submitting such proof as may
be required by the State Board of Equalization.

NRS 361.390Duties of county assessor; projections for current and upcoming
fiscal years. [Effective through November 24, 2014, and after that date unless
the provisions of Senate Joint Resolution No. 15 (2011) are approved and
ratified by the voters at the 2014 General Election.]Each
county assessor shall:

1. File with or cause to be filed with the
Secretary of the State Board of Equalization, on or before March 10 of each
year, the tax roll, or a true copy thereof, of his or her county for the
current year as corrected by the county board of equalization.

2. Prepare and file with the Department on
or before January 31, March 5 and October 31 of each year, a segregation report
showing the assessed values for each taxing entity within the county on a form
prescribed by the Department. The assessor shall make projections of assessed
value for the current fiscal year and the upcoming fiscal year regarding real
and personal property for which the taxable value is determined by the
assessor. The Department shall make any projections required for the upcoming
fiscal year regarding the net proceeds of minerals and any property for which
the taxable value is determined by the Nevada Tax Commission.

3. Prepare and file with the Department on
or before May 5 for the unsecured roll, on or before August 10 for the secured
roll, and on or before October 31 for the unsecured roll and the secured roll,
a statistical report showing values for all categories of property on a form
prescribed by the Department.

NRS 361.390Duties of county
assessor; projections for current and upcoming fiscal years. [Effective
November 25, 2014, if the provisions of Senate Joint Resolution No. 15 (2011)
are approved and ratified by the voters at the 2014 General Election.]Each county assessor shall:

1. File with or cause to be filed with the
Secretary of the State Board of Equalization, on or before March 10 of each
year, the tax roll, or a true copy thereof, of his or her county for the
current year as corrected by the county board of equalization.

2. Prepare and file with the Department on
or before January 31, March 5 and October 31 of each year, a segregation report
showing the assessed values for each taxing entity within the county on a form
prescribed by the Department. The assessor shall make projections of assessed
value for the current fiscal year and the upcoming fiscal year regarding real
and personal property for which the taxable value is determined by the
assessor. The Department shall make any projections required for the upcoming
fiscal year regarding the net proceeds from mineral extraction and royalties
subject to the excise tax pursuant to the provisions of NRS 362.100 to 362.240, inclusive, and any property for
which the taxable value is determined by the Nevada Tax Commission.

3. Prepare and file with the Department on
or before May 5 for the unsecured roll, on or before August 10 for the secured
roll, and on or before October 31 for the unsecured roll and the secured roll,
a statistical report showing values for all categories of property on a form
prescribed by the Department.

NRS 361.395Equalization of property values and review of tax rolls by State
Board of Equalization; notice of proposed increase in valuation.

1. During the annual session of the State
Board of Equalization beginning on the fourth Monday in March of each year, the
State Board of Equalization shall:

(a) Equalize property valuations in the State.

(b) Review the tax rolls of the various counties
as corrected by the county boards of equalization thereof and raise or lower,
equalizing and establishing the taxable value of the property, for the purpose
of the valuations therein established by all the county assessors and county
boards of equalization and the Nevada Tax Commission, of any class or piece of
property in whole or in part in any county, including those classes of property
enumerated in NRS 361.320.

2. If the State Board of Equalization
proposes to increase the valuation of any property on the assessment roll:

(b) In a proceeding to resolve an appeal or other
complaint before the Board pursuant to NRS 361.360,
361.400 or 361.403, it
shall give 10 days’ notice to interested persons by registered or certified
mail or by personal service.

Ê A notice
provided pursuant to this subsection must state the time when and place where
the person may appear and submit proof concerning the valuation of the
property. A person waives the notice requirement if he or she personally
appears before the Board and is notified of the proposed increase in valuation.

1. The State Board of Equalization shall
hear and determine all appeals from the action of each county board of
equalization, as provided in NRS 361.360.

2. No such appeals shall be heard and
determined by the State Board of Equalization where overvaluation or excessive
valuation of the claimant’s property, or the undervaluation of other property,
or nonassessment of other property, was the ground of complaint before the
county board of equalization, save upon the terms and conditions provided in NRS 361.350 and 361.355.

3. No appeal shall be heard and determined
save upon the evidence and data submitted to the county board of equalization,
unless it is proven to the satisfaction of the State Board of Equalization that
it was impossible in the exercise of due diligence to have discovered or
secured such evidence and data in time to have submitted the same to the county
board of equalization prior to its final adjournment.

NRS 361.403Direct appeals to State Board of Equalization from valuations of
Nevada Tax Commission.

1. Any person, firm, company, association
or corporation, claiming overvaluation or excessive valuation of its property
in this State; or

2. Any representative of any local
government entity or the Department claiming undervaluation, overvaluation or
nonassessment of any property in the State,

Ê solely by
reason of the valuation placed thereon by the Nevada Tax Commission pursuant to
NRS 361.320 or 361.325,
whether or not it is apportioned pursuant to NRS
361.321 or 361.323, is entitled to a hearing
before the State Board of Equalization to protest any assessment resulting
therefrom, without appearing before or requesting relief from the county board
of equalization. If a hearing is held, evidence of the valuation of the
property in which the value is determined by using appropriate appraisal
standards must be submitted to the State Board of Equalization.

NRS 361.405Certification of changes in assessed valuation; notice of
increased valuation; duties of county auditors and tax receivers; inclusion of
net proceeds of minerals in assessed valuation. [Effective through November 24,
2014, and after that date unless the provisions of Senate Joint Resolution No.
15 (2011) are approved and ratified by the voters at the 2014 General
Election.]

1. The Secretary of the State Board of
Equalization forthwith shall certify any change made by the Board in the
assessed valuation of any property in whole or in part to the county auditor of
the county where the property is assessed, and whenever the valuation of any
property is raised:

(a) In a proceeding to resolve an appeal or other
complaint before the Board pursuant to NRS 361.360,
361.400 or 361.403, the
Secretary of the Board shall forward by certified mail to the property owner or
owners affected, notice of the increased valuation.

(b) Pursuant to paragraph (b) of subsection 1 of NRS 361.395, the Secretary of the Board shall forward
by first-class mail to the property owner or owners affected, notice of the
increased valuation.

2. As soon as changes resulting from cases
having a substantial effect on tax revenues have been certified to the county
auditor by the Secretary of the State Board of Equalization, the county auditor
shall:

(a) Enter all such changes and the value of any
construction work in progress and net proceeds of minerals which were certified
to him or her by the Department, on the assessment roll before the delivery
thereof to the tax receiver.

(b) Add up the valuations and enter the total
valuation of each kind of property and the total valuation of all property on
the assessment roll.

(c) Certify the results to the board of county
commissioners and the Department.

3. The board of county commissioners shall
not levy a tax on the net proceeds of minerals added to the assessed valuation
pursuant to paragraph (a) of subsection 2, but, except as otherwise provided by
specific statute, the net proceeds of minerals must be included in the assessed
valuation of the taxable property of the county and all local governments in
the county for the determination of the rate of tax and all other purposes for
which assessed valuation is used.

4. As soon as changes resulting from cases
having less than a substantial effect on tax revenue have been certified to the
county tax receiver by the Secretary of the State Board of Equalization, the
county tax receiver shall adjust the assessment roll or the tax statement or
make a tax refund, as directed by the State Board of Equalization.

NRS 361.405Certification of changes
in assessed valuation; notice of increased valuation; duties of county auditors
and tax receivers; inclusion of net proceeds of minerals in assessed valuation.
[Effective November 25, 2014, if the provisions of Senate Joint Resolution No.
15 (2011) are approved and ratified by the voters at the 2014 General
Election.]

1. As soon as reasonably practicable:

(a) The Secretary of the State Board of
Equalization shall certify any change made by the Board in the assessed
valuation of any property, in whole or in part, to the county auditor of the
county where the property is assessed, and whenever the valuation of any
property is raised:

(1) In a proceeding to resolve an appeal
or other complaint before the Board pursuant to NRS
361.360, 361.400 or 361.403,
the Secretary of the Board shall forward by certified mail to the property
owner or owners affected, notice of the increased valuation.

(2) Pursuant to paragraph (b) of subsection
1 of NRS 361.395, the Secretary of the Board shall
forward by first-class mail to the property owner or owners affected, notice of
the increased valuation.

(b) The Executive Director of the Department
shall certify any change made by the Nevada Tax Commission in the assessed
valuation of any property, in whole or in part, to the county auditor of the
county where the property is assessed, and whenever the valuation of any
property is raised, the Executive Director shall forward by certified mail, to
the property owner or owners affected, notice of the increased valuation.

2. As soon as changes resulting from cases
having a substantial effect on tax revenues have been certified to the county
auditor by the Secretary of the State Board of Equalization or the Executive
Director of the Department, as applicable, the county auditor shall:

(a) Enter all such changes, the value of any
construction work in progress and the net proceeds from mineral extraction and
royalties subject to the excise tax pursuant to the provisions of NRS 362.100 to 362.240, inclusive, which were certified
to the county auditor by the Department, on the assessment roll before the
delivery thereof to the tax receiver.

(b) Add up the valuations and enter the total
valuation of each kind of property and the total valuation of all property on
the assessment roll.

(c) Certify the results to the board of county
commissioners and the Department.

3. The board of county commissioners shall
not levy a tax on the net proceeds from mineral extraction and royalties
subject to the excise tax pursuant to the provisions of NRS 362.100 to 362.240, inclusive, which are added to the
assessed valuation pursuant to paragraph (a) of subsection 2, but, except as
otherwise provided by specific statute, the net proceeds from mineral
extraction and royalties subject to the excise tax pursuant to the provisions
of NRS 362.100 to 362.240, inclusive, must be included in
the assessed valuation of the taxable property of the county and all local
governments in the county for the determination of the rate of tax and all
other purposes for which assessed valuation is used.

4. As soon as changes resulting from cases
having less than a substantial effect on tax revenue have been certified to the
county tax receiver by the Secretary of the State Board of Equalization or the
Executive Director of the Department, as applicable, the county tax receiver
shall adjust the assessment roll or the tax statement or make a tax refund, as
directed by the State Board of Equalization or the Nevada Tax Commission.

1. No taxpayer may be deprived of any
remedy or redress in a court of law relating to the payment of taxes, but all
such actions must be for redress from the findings of the State Board of
Equalization, and no action may be instituted upon the act of a county assessor
or of a county board of equalization or the Nevada Tax Commission until the
State Board of Equalization has denied complainant relief. This subsection must
not be construed to prevent a proceeding in mandamus to compel the placing of
nonassessed property on the assessment roll.

2. The Nevada Tax Commission or the
Department, in that name and in proper cases, may sue and be sued, and the
Attorney General shall prosecute and defend all such cases, but the burden of
proof is upon the complainant to show by clear and satisfactory evidence that
any valuation established by the Nevada Tax Commission or the Department or
equalized by the State Board of Equalization is unjust and inequitable.

3. The Executive Director or any other
employee or representative of the Department shall not seek judicial review of
a decision made by the Nevada Tax Commission or the State Board of
Equalization, except in those cases where the State Board of Equalization has
original jurisdiction.

NRS 361.420Payment of taxes under protest; action for recovery of taxes;
limitation of action.

1. Any property owner whose taxes are in
excess of the amount which the owner claims justly to be due may pay each
installment of taxes as it becomes due under protest in writing. The protest
must be in the form of a separate, signed statement from the property owner and
filed with the tax receiver at the time of the payment of the installment of
taxes.

2. The property owner, having protested
the payment of taxes as provided in subsection 1 and having been denied relief
by the State Board of Equalization, may commence a suit in any court of
competent jurisdiction in the State of Nevada against the State and county in
which the taxes were paid, and, in a proper case, both the Nevada Tax
Commission and the Department may be joined as a defendant for a recovery of
the difference between the amount of taxes paid and the amount which the owner
claims justly to be due, and the owner may complain upon any of the grounds
contained in subsection 4.

3. Every action commenced under the
provisions of this section must be commenced within 3 months after the date of
the payment of the last installment of taxes, and if not so commenced is
forever barred. If the tax complained of is paid in full and under the written
protest provided for in this section, at the time of the payment of the first
installment of taxes, suit for the recovery of the difference between the
amount paid and the amount claimed to be justly due must be commenced within 3
months after the date of the full payment of the tax or the issuance of the
decision of the State Board of Equalization denying relief, whichever occurs
later, and if not so commenced is forever barred.

4. In any suit brought under the
provisions of this section, the person assessed may complain or defend upon any
of the following grounds:

(a) That the taxes have been paid before the
suit;

(b) That the property is exempt from taxation
under the provisions of the revenue or tax laws of the State, specifying in
detail the claim of exemption;

(c) That the person assessed was not the owner
and had no right, title or interest in the property assessed at the time of
assessment;

(d) That the property is situate in and has been
assessed in another county, and the taxes thereon paid;

(e) That there was fraud in the assessment or
that the assessment is out of proportion to and above the taxable cash value of
the property assessed;

(f) That the assessment is out of proportion to
and above the valuation fixed by the Nevada Tax Commission for the year in
which the taxes were levied and the property assessed; or

(g) That the assessment complained of is
discriminatory in that it is not in accordance with a uniform and equal rate of
assessment and taxation, but is at a higher rate of the taxable value of the
property so assessed than that at which the other property in the State is
assessed.

5. In a suit based upon any one of the
grounds mentioned in paragraphs (e), (f) and (g) of subsection 4, the court
shall conduct the trial without a jury and confine its review to the record
before the State Board of Equalization. Where procedural irregularities by the
Board are alleged and are not shown in the record, the court may take evidence
respecting the allegation and, upon the request of either party, shall hear
oral argument and receive written briefs on the matter.

6. In all cases mentioned in this section
where the complaint is based upon any grounds mentioned in subsection 4, the
entire assessment must not be declared void but is void only as to the excess
in valuation.

7. In any judgment recovered by the
taxpayer under this section, the court may provide for interest thereon not to
exceed 3 percent per annum from and after the date of payment of the tax
complained of.

NRS 361.425Distribution of taxes paid under protest; payment of judgments
pursuant to NRS 361.420; duties of county commissioners and
Governor pertaining to interest.

1. Nothing in NRS
361.420 or in any remedy provided in that section prevents the distribution
or apportionment of the taxes paid under the provisions of NRS 361.420 into the various funds of the State and
county. In the event of judgment in favor of the person bringing the suit to
recover taxes claimed to be paid unjustly pursuant to NRS
361.420, the amount of the judgment plus the interest thereon, as may be
fixed and determined by the court, must be paid out of the general funds of the
State and county by the proper officers thereof as the respective liability of
the State and county may appear.

2. In making tax settlements with the
State, the tax receiver shall notify the State Controller of the amount of
state taxes paid under protest, and then an amount equivalent to the amount of
taxes paid under protest plus a reasonable amount of interest thereon, not
exceeding 6 percent per annum after the date of the payment to the tax
receiver, shall be deemed to be and hereby is appropriated for the purpose of
satisfying any judgment therefor recovered against the State in a suit under
the provisions of NRS 361.420.

3. When a judgment is secured under the
provisions of NRS 361.420 and there is not
sufficient money in the general fund of the county affected by the judgment to
satisfy the judgment, the board of county commissioners of the county shall
immediately levy and provide for the collection of a sufficient tax upon all
the taxable property within the county, exclusive of the property of the person
securing the judgment, to satisfy the judgment and any interest on the judgment
as may have been fixed and determined by the court.

4. Annually, the boards of county
commissioners of the respective counties shall provide in their respective
budgets a reasonable amount of money and shall levy a tax to provide for the
payment of interest required in NRS 361.420 with
respect to judgments which may be secured against the counties.

5. The Governor shall include in the
biennial proposed executive budget of the State a reasonable amount of money to
provide for the payments of interest required in NRS
361.420 with respect to judgments which may be secured against the State.
If at the time a final judgment secured against the State pursuant to NRS 361.420 is presented for satisfaction there is not
sufficient money in the State Treasury set apart for the satisfaction of the
judgment, the State Treasurer shall satisfy the judgment from money then in the
General Fund of the State.

NRS 361.430Burden of proof on plaintiff in action brought under NRS
361.420.In every
action brought under the provisions of NRS 361.420,
the burden of proof shall be upon the plaintiff to show by clear and
satisfactory evidence that any valuation established by the Nevada Tax
Commission or the county assessor or equalized by the county board of
equalization or the State Board of Equalization is unjust and inequitable.

NRS 361.435Consolidation of actions; venue.Any
property owner owning property of like kind in more than one county in the
State and desiring to proceed with a suit under the provisions of NRS 361.420 may, where the issues in the cases are
substantially the same in all or in some of the counties concerning the
assessment of taxes on such property, consolidate any of the suits in one
action and bring the action in any court of competent jurisdiction in Carson
City, the county of this State where the property owner resides or maintains
his or her principal place of business or a county in which any relevant
proceedings were conducted by the Department.

NRS 361.445Basis for property taxation.The
assessment made by the county assessor and by the Department, as equalized
according to law, shall be the only basis for property taxation by any city,
town, school district, road district or other district in that county.

1. Except as otherwise provided in
subsection 3, every tax levied under the provisions of or authority of this
chapter is a perpetual lien against the property assessed until the tax and any
penalty charges and interest which may accrue thereon are paid. Notwithstanding
the provisions of any other specific statute, such a lien and a lien for unpaid
assessments imposed pursuant to chapter 271
of NRS is superior to all other liens, claims, encumbrances and titles on the
property, including, without limitation, interests secured pursuant to the
provisions of chapter 104 of NRS, whether or
not the lien was filed or perfected first in time.

2. Except as otherwise provided in this
subsection and NRS 361.739, the lien attaches on
July 1 of the year for which the taxes are levied, upon all property then
within the county. The lien attaches upon all migratory property, as described
in NRS 361.505, on the day it is moved into the
county. If real and personal property are assessed against the same owner, a
lien attaches upon such real property also for the tax levied upon the personal
property within the county. A lien for taxes on personal property also attaches
upon real property assessed against the same owner in any other county of the
State from the date on which a certified copy of any unpaid property assessment
is filed for record with the county recorder in the county in which the real
property is situated.

3. All liens for taxes levied under this
chapter which have already attached to a mobile or manufactured home expire on
the date when the mobile or manufactured home is sold, except the liens for
personal property taxes due in the county in which the mobile or manufactured
home was situate at the time of sale, for any part of the 12 months immediately
preceding the date of sale.

4. All special taxes levied for city,
town, school, road or other purposes throughout the different counties of this
State are a lien on the property so assessed, and must be assessed and
collected by the same officer at the same time and in the same manner as the
state and county taxes are assessed and collected.

1. Except as otherwise provided in this
section and NRS 354.705, 354.723, 387.3288 and 450.760, the total ad valorem tax levy for
all public purposes must not exceed $3.64 on each $100 of assessed valuation,
or a lesser or greater amount fixed by the State Board of Examiners if the
State Board of Examiners is directed by law to fix a lesser or greater amount
for that fiscal year.

2. Any levy imposed by the Legislature for
the repayment of bonded indebtedness or the operating expenses of the State of
Nevada and any levy imposed by the board of county commissioners pursuant to NRS 387.195 that is in excess of 50 cents
on each $100 of assessed valuation of taxable property within the county must
not be included in calculating the limitation set forth in subsection 1 on the
total ad valorem tax levied within the boundaries of the county, city or
unincorporated town, if, in a county whose population is less than 45,000, or
in a city or unincorporated town located within that county:

(a) The combined tax rate certified by the Nevada
Tax Commission was at least $3.50 on each $100 of assessed valuation on June
25, 1998;

(b) The governing body of that county, city or
unincorporated town proposes to its registered voters an additional levy ad
valorem above the total ad valorem tax levy for all public purposes set forth
in subsection 1;

(c) The proposal specifies the amount of money to
be derived, the purpose for which it is to be expended and the duration of the
levy; and

(d) The proposal is approved by a majority of the
voters voting on the question at a general election or a special election
called for that purpose.

3. The duration of the additional levy ad
valorem levied pursuant to subsection 2 must not exceed 5 years. The governing
body of the county, city or unincorporated town may discontinue the levy before
it expires and may not thereafter reimpose it in whole or in part without
following the procedure required for its original imposition set forth in
subsection 2.

4. A special election may be held pursuant
to subsection 2 only if the governing body of the county, city or
unincorporated town determines, by a unanimous vote, that an emergency exists.
The determination made by the governing body is conclusive unless it is shown
that the governing body acted with fraud or a gross abuse of discretion. An
action to challenge the determination made by the governing body must be
commenced within 15 days after the governing body’s determination is final. As
used in this subsection, “emergency” means any unexpected occurrence or
combination of occurrences which requires immediate action by the governing
body of the county, city or unincorporated town to prevent or mitigate a
substantial financial loss to the county, city or unincorporated town or to
enable the governing body to provide an essential service to the residents of
the county, city or unincorporated town.

NRS 361.4535Projections of revenue from ad valorem taxes: Duties of county
assessors and Department.

1. On or before March 5 of each year, the
county assessor of each county shall provide to the Department, in addition to
the information provided pursuant to NRS 361.390,
such information regarding each parcel or other taxable unit of property in the
county as the Department determines to be necessary to carry out subsection 2.

2. On or before March 25 of each year, the
Department shall provide to each local government in this State a projection of
the revenue the local government may receive for the upcoming fiscal year from
ad valorem taxes.

NRS 361.454Determination by county auditor of effect of tentative budget on
each taxpayer; dissemination of information.

1. Upon receipt of the tentative budgets
submitted pursuant to NRS 354.596, the
county auditor shall ascertain, separately for each property owner whose
property taxes are affected by one or more of the tentative budgets, the
following information:

(a) The assessed valuation of his or her property
for the current and ensuing fiscal years;

(b) The combined tax rate which applied to the
property in the current fiscal year and the proposed combined tax rate for the
ensuing fiscal year;

(c) The percentage of increase or decrease, if
any, of the combined tax rate for the property proposed for the ensuing fiscal
year as compared to the combined tax rate for the current fiscal year;

(d) The amount of tax collected on the property
in the current fiscal year and the amount of tax to be collected on the
property for the ensuing fiscal year, computed on the basis of the proposed
combined tax rate;

(e) The respective amounts of his or her taxes
which will be disbursed to each local government, for debt service and to any
other recipient of the tax revenue, presented so as to show the distribution of
the total amount of the taxes to be collected from the property owner; and

(f) The percentage of increase or decrease, if
any, of each amount shown pursuant to paragraph (e) as compared to the
corresponding amount for the current fiscal year.

2. For the purposes of subsection 1, the
county auditor shall apply the information contained in each tentative budget
to the assessment roll to determine the tax rate necessary to produce the
revenue required for each budget and compute a proposed combined tax rate for
each property owner. The county auditor shall use the tax rate for the current
fiscal year for any tentative budget which was not submitted. For each property
owner, the county auditor shall make available upon request the information
ascertained for each of paragraphs (a) to (d), inclusive, and paragraph (f) of
subsection 1, and for paragraph (e) an itemized list whose total equals the
amount for the ensuing year under paragraph (d).

3. The county auditor shall deliver the
information required pursuant to this section to the ex officio tax receiver:

1. On or before May 5 of each year, the ex
officio tax receivers shall prepare and cause to be published in a newspaper of
general circulation in their respective counties, a notice which contains at
least the following information:

(a) A statement that the notice is not a bill for
taxes owed but an informational notice. The notice must state:

(1) That public hearings will be held on
the dates listed in the notice to adopt budgets and tax rates for the fiscal
year beginning on July 1;

(2) That the purpose of the public
hearings is to receive opinions from members of the public on the proposed
budgets and tax rates before final action is taken thereon; and

(3) The tax rate to be imposed by the
county and each political subdivision within the county for the ensuing fiscal
year if the tentative budgets which affect the property in those areas become
final budgets.

(b) A brief description of the limitation imposed
by the Legislature on the revenue of the local governments.

(c) The dates, times and locations of all of the
public hearings on the tentative budgets which affect the taxes on property.

(d) The names and addresses of the county
assessor and ex officio tax receiver who may be consulted for further
information.

(e) A brief statement of how property is assessed
and how the combined tax rate is determined.

(f) A telephone number and Internet website at
which a person may obtain an explanation of each component tax that forms part
of the total rate of tax levied upon property in the county. The explanation
must identify:

(1) The statutory authority pursuant to
which each component tax is levied; and

(2) If the component tax was approved by
the voters:

(I) The year in which the tax was
first collected; and

(II) The year in which the authority
to collect the tax expires, if any.

Ê The notice
must be displayed in the format used for news and must be printed in not less
than 10-point type on at least one-half of a page of the newspaper.

2. Each ex officio tax receiver shall
prepare and cause to be published in a newspaper of general circulation within
the county:

(a) A notice, displayed in the format used for
news and printed in not less than 10-point type, disclosing any increase in the
property taxes as a result of any change in the tentative budget.

(b) A notice, displayed in the format used for
advertisements and printed in not less than 10-point type on at least one
quarter of a page of the newspaper, disclosing any amount in cents on each $100
of assessed valuation by which the highest combined tax rate for property in
the county exceeds $3.64 on each $100 of assessed valuation.

Ê These
notices must be published within 10 days after the receipt of the information
pursuant to NRS 354.596.

NRS 361.4547Nevada Tax Commission to certify combined tax rate to boards of
county commissioners; procedure when additional levy of taxes ad valorem
approved by voters of school district causes combined rate to exceed statutory
limitation.

1. After the approval of the final budgets
for the various local governments as defined in NRS 354.474 and their submission to the
Department, for examination and approval, the Nevada Tax Commission shall
certify to the board of county commissioners of each of the several counties
the combined tax rate necessary to produce the amount of revenue required by
the approved budgets, and shall certify that combined rate, to each of the
boards of county commissioners.

2. If the voters of a school district
approve an additional levy of taxes ad valorem pursuant to NRS 387.3285 or 387.3287 or the issuance of bonds or
other debt to be repaid by a levy of taxes ad valorem throughout the district,
and the Department finds for any fiscal year that the additional rate of tax
required for this purpose, when added to the rates of taxes ad valorem
authorized to be levied in the district by other local governments and the
State for that fiscal year would cause the combined rate within the territory
of any other local government to exceed the rate allowed by NRS 361.453, the Department shall determine:

(a) The amounts by which the proposed levies for
all of the other local governments whose rates affect the territory have
increased from the previous year; and

(b) The portion of the amount by which the
combined rate would exceed the rate allowed by NRS
361.453 that is directly attributable to the additional levy approved by
the voters for the school district.

3. If the Department determines that any
portion of the amount by which the combined rate would exceed the rate allowed
by NRS 361.453 is directly attributable to the
additional levy approved by the voters for the school district, the school
district shall:

(a) Reduce for the fiscal year the amount levied
pursuant to NRS 387.3285 or 387.3287, or both, if the proceeds of the
levy are not already committed for debt service, by the amount determined by
the Department to be directly attributable to the school district;

(b) Transfer to the other local government whose
rate overlaps in that territory an amount of money, determined by the
Department to be directly attributable to the school district, to reduce the
combined rate to the rate allowed; or

(c) Determine and implement a combination of the
methods of reduction allowed by paragraphs (a) and (b) that will result in the
reduction of the combined rate by the amount determined by the Department to be
directly attributable to the school district.

4. If a school district determines that it
will proceed pursuant to paragraph (b) or (c) of subsection 3, the Department
shall calculate the transfers so as to minimize the total amount transferred,
and each local government to which a transfer is made shall correspondingly
reduce its rate and file a revised budget within the time allowed by subsection
6 of NRS 361.455. The amounts transferred must be
paid in installments, within 30 days after each installment of property taxes
is due.

1. Unless individual tax rates are reduced
pursuant to NRS 361.4547, immediately upon
adoption of the final budgets, if the combined tax rate exceeds the limit
imposed by NRS 361.453, the chair of the board of
county commissioners in each county concerned shall call a meeting of the
governing boards of each of the local governments within the county for the
purpose of establishing a combined tax rate that conforms to the statutory
limit. The chair shall convene the meeting no later than June 20 of each year.

2. The governing boards of the local
governments shall meet in public session and the county clerk shall keep
appropriate records, pursuant to regulations of the Department, of all
proceedings. The costs of taking and preparing the record of the proceedings,
including the costs of transcribing and summarizing tape recordings, must be
borne by the county and participating incorporated cities in proportion to the
final tax rate as certified by the Department. The chair of the board of county
commissioners or his or her designee shall preside at the meeting. The
governing boards shall explore areas of mutual concern so as to agree upon a
combined tax rate that does not exceed the statutory limit.

3. The governing boards shall determine
final decisions by a unanimous vote of all entities present and qualified to
vote, as defined in this subsection. No ballot may be cast on behalf of any
governing board unless a majority of the individual board is present. A
majority vote of all members of each governing board is necessary to determine
the ballot cast for that entity. All ballots must be cast not later than the
day following the day the meeting is convened. The district attorney is the
legal adviser for such proceedings.

4. The county clerk shall immediately
thereafter advise the Department of the results of the ballots cast and the tax
rates set for local governments concerned. If the ballots for the entities
present at the meeting in the county are not unanimous, the county clerk shall
transmit all records of the proceedings to the Department within 5 days after
the meeting.

5. If a unanimous vote is not obtained and
the combined rate in any county together with the established state tax rate
exceeds the statutory limit, the Department shall examine the record of the
discussions and the budgets of all local governments concerned. On June 25 or,
if June 25 falls on a Saturday or Sunday, on the Monday next following, the
Nevada Tax Commission shall meet to set the tax rates for the next succeeding
year for all local governments so examined. In setting the tax rates for the
next succeeding year the Nevada Tax Commission shall not reduce that portion of
the proposed tax rate of the county school district for the operation and
maintenance of public schools.

6. Any local government affected by a rate
adjustment, made in accordance with the provisions of this section, which
necessitates a budget revision shall file a copy of its revised budget by July
30 next after the approval and certification of the rate by the Nevada Tax
Commission.

7. A copy of the certificate of the Nevada
Tax Commission sent to the board of county commissioners must be forwarded to
the county auditor.

NRS 361.457Establishment of combined tax rate: Prohibited agreements
between local governments.The
governing bodies of the local governments within a county shall not agree upon
a combined tax rate that is achieved by a larger local government agreeing to
transfer money to a smaller local government whose boundaries are located
within the boundaries of the larger local government to enable the smaller
local government to lower its tax rate to establish a combined tax rate for the
county that complies with the limitation set forth in NRS
361.453.

NRS 361.460Levy of tax rate by county commissioners: Resolution.Immediately after the Nevada Tax Commission
shall certify the combined tax rate, the board of county commissioners shall by
resolution proceed to levy the tax rate required for the fiscal period
beginning the succeeding July 1, designating the number of cents of each $100
of property levied for each fund.

1. In any year in which the total taxes
levied by all overlapping units within the boundaries of the State exceed the
limitation imposed by NRS 361.453, and it becomes
necessary for that reason to reduce the levies made by any of those units, the
reduction so made must be in taxes levied by those units (including the State)
for purposes other than the payment of bonded indebtedness, including interest
thereon.

2. The taxes levied for the payment of
bonded indebtedness and the interest thereon enjoy a priority over taxes levied
by each such unit (including the State) for all other purposes where reduction
is necessary to comply with the limitation imposed by NRS
361.453.

(Added to NRS by 1979, 1233)

NRS 361.465Extension and delivery of tax roll after levy.

1. Immediately upon the levy of the tax
rate the county clerk shall inform the county auditor of the action of the
board of county commissioners. The county auditor shall proceed to extend the
tax roll by:

(a) Applying the tax rate levied to the total
assessed valuation;

(b) Ascertaining the total taxes to be collected
from each property owner; and

(c) Itemizing, separately for each property
owner:

(1) The rate of tax applicable to the
owner which is levied for each local government, debt service and any other
recipient of the tax revenue so that the distribution of the total rate of tax
levied upon his or her property is shown; and

(2) The total taxes that would have been
collected from the owner if not for the provisions of NRS
361.4722 to 361.4728, inclusive.

2. When the tax roll has been so extended,
and not later than July 10 of each year, the county auditor shall deliver it,
with his or her certificate attached, to the ex officio tax receiver of the
county.

NRS 361.470Tax receiver charged with full amount of taxes levied.On delivering the assessment roll to the ex
officio tax receiver, the county auditor shall charge the ex officio tax
receiver with the full amount of the taxes levied as shown on the roll.

NRS 361.471Definitions.As
used in NRS 361.471 to 361.4735,
inclusive, unless the context otherwise requires, the words and terms defined
in NRS 361.47111 to 361.4721,
inclusive, have the meanings ascribed to them in those sections.

NRS 361.4722Partial abatement of taxes levied on property for which assessed
valuation has been established or on remainder parcel of real property.

1. Except as otherwise provided in or
required to carry out the provisions of subsection 3 and NRS 361.4725 to 361.4729,
inclusive, the owner of any parcel or other taxable unit of property, including
property entered on the central assessment roll, for which an assessed
valuation was separately established for the immediately preceding fiscal year
is entitled to a partial abatement of the ad valorem taxes levied in a county
on that property each fiscal year equal to the amount by which the product of
the combined rate of all ad valorem taxes levied in that county on the property
for that fiscal year and the amount of the assessed valuation of the property
which is taxable in that county for that fiscal year, excluding any increase in
the assessed valuation of the property from the immediately preceding fiscal
year as a result of any improvement to or change in the actual or authorized
use of the property, exceeds the sum obtained by adding:

(a) The amount of all the ad valorem taxes:

(1) Levied in that county on the property
for the immediately preceding fiscal year; or

(2) Which would have been levied in that
county on the property for the immediately preceding fiscal year if not for any
exemptions from taxation that applied to the property for that prior fiscal
year but do not apply to the property for the current fiscal year,

Ê whichever is
greater; and

(b) A percentage of the amount determined
pursuant to paragraph (a) which is equal to:

(1) The greater of:

(I) The average percentage of change
in the assessed valuation of all the taxable property in the county, as
determined by the Department, over the fiscal year in which the levy is made
and the 9 immediately preceding fiscal years;

(II) Twice the percentage of
increase in the Consumer Price Index for all Urban Consumers, U.S. City Average
(All Items) for the immediately preceding calendar year; or

(III) Zero; or

(2) Eight percent,

Ê whichever is
less.

2. Except as otherwise provided in or
required to carry out the provisions of NRS 361.4725
to 361.4729, inclusive, the owner of any remainder
parcel of real property for which no assessed valuation was separately
established for the immediately preceding fiscal year, is entitled to a partial
abatement of the ad valorem taxes levied in a county on that property for a
fiscal year equal to the amount by which the product of the combined rate of
all ad valorem taxes levied in that county on the property for that fiscal year
and the amount of the assessed valuation of the property which is taxable in that
county for that fiscal year, excluding any amount of that assessed valuation
attributable to any improvement to or change in the actual or authorized use of
the property that would not have been included in the calculation of the
assessed valuation of the property for the immediately preceding fiscal year if
an assessed valuation had been separately established for that property for
that prior fiscal year, exceeds the sum obtained by adding:

(a) The amount of all the ad valorem taxes:

(1) Which would have been levied in that
county on the property for the immediately preceding fiscal year if an assessed
valuation had been separately established for that property for that prior
fiscal year based upon all the assumptions, costs, values, calculations and other
factors and considerations that would have been used for the valuation of that
property for that prior fiscal year; or

(2) Which would have been levied in that
county on the property for the immediately preceding fiscal year if an assessed
valuation had been separately established for that property for that prior
fiscal year based upon all the assumptions, costs, values, calculations and
other factors and considerations that would have been used for the valuation of
that property for that prior fiscal year, and if not for any exemptions from
taxation that applied to the property for that prior fiscal year but do not
apply to the property for the current fiscal year,

Ê whichever is
greater; and

(b) A percentage of the amount determined
pursuant to paragraph (a) which is equal to:

(1) The greater of:

(I) The average percentage of change
in the assessed valuation of all the taxable property in the county, as
determined by the Department, over the fiscal year in which the levy is made
and the 9 immediately preceding fiscal years;

(II) Twice the percentage of
increase in the Consumer Price Index for all Urban Consumers, U.S. City Average
(All Items) for the immediately preceding calendar year; or

(III) Zero; or

(2) Eight percent,

Ê whichever is
less.

3. The provisions of subsection 1 do not
apply to any property for which the provisions of subsection 1 of NRS 361.4723 or subsection 1 of NRS 361.4724 provide a greater abatement from
taxation.

4. Except as otherwise required to carry
out the provisions of NRS 361.4732 and any
regulations adopted pursuant to NRS 361.4733, the
amount of any reduction in the ad valorem taxes levied in a county for a fiscal
year as a result of the application of the provisions of subsections 1 and 2
must be deducted from the amount of ad valorem taxes each taxing entity would
otherwise be entitled to receive for that fiscal year in the same proportion as
the rate of ad valorem taxes levied in the county on the property by or on
behalf of that taxing entity for that fiscal year bears to the combined rate of
all ad valorem taxes levied in the county on the property by or on behalf of
all taxing entities for that fiscal year.

5. The Nevada Tax Commission shall adopt
such regulations as it deems appropriate to ensure that this section is carried
out in a uniform and equal manner.

6. For the purposes of this section,
“remainder parcel of real property” means a parcel of real property which
remains after the creation of new parcels of real property for development from
one or more existing parcels of real property, if the use of that remaining
parcel has not changed from the immediately preceding fiscal year.

NRS 361.4723Partial abatement of taxes levied on certain single-family
residences.The Legislature hereby
finds and declares that an increase in the tax bill of the owner of a home by
more than 3 percent over the tax bill of that homeowner for the previous year
constitutes a severe economic hardship within the meaning of subsection 10 of Section 1 of Article 10 of the
Nevada Constitution. The Legislature therefore directs a partial abatement of
taxes for such homeowners as follows:

1. Except as otherwise provided in or
required to carry out the provisions of subsection 2 and NRS 361.4725 to 361.4729,
inclusive, the owner of a single-family residence which is the primary residence
of the owner is entitled to a partial abatement of the ad valorem taxes levied
in a county on that property each fiscal year equal to the amount by which the
product of the combined rate of all ad valorem taxes levied in that county on
the property for that fiscal year and the amount of the assessed valuation of
the property which is taxable in that county for that fiscal year, excluding
any increase in the assessed valuation of the property from the immediately
preceding fiscal year as a result of any improvement to or change in the actual
or authorized use of the property, exceeds the sum obtained by adding:

(a) The amount of all the ad valorem taxes:

(1) Levied in that county on the property
for the immediately preceding fiscal year; or

(2) Which would have been levied in that
county on the property for the immediately preceding fiscal year if not for any
exemptions from taxation that applied to the property for that prior fiscal
year but do not apply to the property for the current fiscal year,

Ê whichever is
greater; and

(b) Three percent of the amount determined
pursuant to paragraph (a).

2. The provisions of subsection 1 do not
apply to any property for which:

(a) No assessed valuation was separately
established for the immediately preceding fiscal year; or

(b) The provisions of subsection 1 of NRS 361.4722 provide a greater abatement from
taxation.

3. Except as otherwise required to carry
out the provisions of NRS 361.4732 and any
regulations adopted pursuant to NRS 361.4733, the
amount of any reduction in the ad valorem taxes levied in a county for a fiscal
year as a result of the application of the provisions of subsection 1 must be
deducted from the amount of ad valorem taxes each taxing entity would otherwise
be entitled to receive for that fiscal year in the same proportion as the rate
of ad valorem taxes levied in the county on the property by or on behalf of
that taxing entity for that fiscal year bears to the combined rate of all ad
valorem taxes levied in the county on the property by or on behalf of all
taxing entities for that fiscal year.

4. The Nevada Tax Commission shall adopt
such regulations as it deems appropriate to carry out this section, including,
without limitation, regulations providing a methodology for applying the
partial abatement provided pursuant to subsection 1 to a parcel of real
property of which only a portion qualifies as a single-family residence which
is the primary residence of the owner and the remainder is used in another
manner.

5. The owner of a single-family residence
does not become ineligible for the partial abatement provided pursuant to
subsection 1 as a result of:

(a) The operation of a home business out of a
portion of that single-family residence; or

(b) The manner in which title is held by the
owner if the owner occupies the residence, including, without limitation, if
the owner has placed the title in a trust for purposes of estate planning.

6. For the purposes of this section:

(a) “Primary residence of the owner” means a
residence which:

(1) Is designated by the owner as the primary
residence of the owner in this State, exclusive of any other residence of the
owner in this State; and

(2) Is not rented, leased or otherwise
made available for exclusive occupancy by any person other than the owner of
the residence and members of the family of the owner of the residence.

(b) “Single-family residence” means a parcel or
other unit of real property or unit of personal property which is intended or
designed to be occupied by one family with facilities for living, sleeping,
cooking and eating.

(c) “Unit of personal property” includes, without
limitation, any:

(1) Mobile or manufactured home, whether
or not the owner thereof also owns the real property upon which it is located;
or

(2) Taxable unit of a condominium,
common-interest community, planned unit development or similar property,

Ê if classified
as personal property for the purposes of this chapter.

(d) “Unit of real property” includes, without
limitation, any taxable unit of a condominium, common-interest community,
planned unit development or similar property, if classified as real property
for the purposes of this chapter.

NRS 361.4724Partial abatement of taxes levied on certain residential rental
dwellings.The Legislature hereby
finds and declares that many Nevadans who cannot afford to own their own homes
would be adversely affected by large unanticipated increases in property taxes,
as those tax increases are passed down to renters in the form of rent increases
and therefore the benefits of a charitable exemption pursuant to subsection 8
of Section 1 of Article 10 of the
Nevada Constitution should be afforded to those Nevadans through an abatement
granted to the owners of residential rental dwellings who charge rent that does
not exceed affordable housing standards for low-income housing. The Legislature
therefore directs a partial abatement of taxes for such owners as follows:

1. Except as otherwise provided in or
required to carry out the provisions of subsection 2 and NRS 361.4725 to 361.4729,
inclusive, if the amount of rent collected from each of the tenants of a
residential dwelling does not exceed the fair market rent for the county in
which the dwelling is located, as most recently published by the United States
Department of Housing and Urban Development, the owner of the dwelling is
entitled to a partial abatement of the ad valorem taxes levied in a county on
that property for each fiscal year equal to the amount by which the product of
the combined rate of all ad valorem taxes levied in that county on the property
for that fiscal year and the amount of the assessed valuation of the property
which is taxable in that county for that fiscal year, excluding any increase in
the assessed valuation of the property from the immediately preceding fiscal
year as a result of any improvement to or change in the actual or authorized
use of the property, exceeds the sum obtained by adding:

(a) The amount of all the ad valorem taxes:

(1) Levied in that county on the property
for the immediately preceding fiscal year; or

(2) Which would have been levied in that
county on the property for the immediately preceding fiscal year if not for any
exemptions from taxation that applied to the property for that prior fiscal
year but do not apply to the property for the current fiscal year,

Ê whichever is
greater; and

(b) Three percent of the amount determined
pursuant to paragraph (a).

2. The provisions of subsection 1 do not
apply to:

(a) Any hotels, motels or other forms of
transient lodging;

(b) Any property for which no assessed valuation
was separately established for the immediately preceding fiscal year; and

(c) Any property for which the provisions of
subsection 1 of NRS 361.4722 provide a greater
abatement from taxation.

3. Except as otherwise required to carry
out the provisions of NRS 361.4732 and any
regulations adopted pursuant to NRS 361.4733, the
amount of any reduction in the ad valorem taxes levied in a county for a fiscal
year as a result of the application of the provisions of subsection 1 must be
deducted from the amount of ad valorem taxes each taxing entity would otherwise
be entitled to receive for that fiscal year in the same proportion as the rate
of ad valorem taxes levied in the county on the property by or on behalf of
that taxing entity for that fiscal year bears to the combined rate of all ad
valorem taxes levied in the county on the property by or on behalf of all
taxing entities for that fiscal year.

4. The Nevada Tax Commission shall adopt
such regulations as it deems appropriate to carry out this section.

NRS 361.4725Exemption from partial abatements following certain fluctuations
in taxable value of property.

1. Except as otherwise provided in this
section and notwithstanding the provisions of NRS
361.4722, 361.4723 and 361.4724,
if the taxable value of any parcel or other taxable unit of property:

(a) Decreases by 15 percent or more from its
taxable value on:

(1) July 1, 2003; or

(2) July 1 of the second year immediately
preceding the lien date for the current year,

Ê whichever is
later; and

(b) For any fiscal year beginning on or after
July 1, 2005, increases by 15 percent or more from its taxable value for the
immediately preceding fiscal year,

Ê the amount
of any ad valorem taxes levied in a county which, if not for the provisions of NRS 361.4722, 361.4723
and 361.4724, would otherwise have been collected
for the property for that fiscal year as a result of that increase in taxable
value, excluding any amount attributable to any increase in the taxable value
of the property above the taxable value of the property on the most recent date
determined pursuant to paragraph (a), must be levied on the property and
carried forward each fiscal year, without any penalty or interest, in such a
manner that one-third of that amount may be collected during that fiscal year
and each of the succeeding 2 fiscal years.

2. If the total amount otherwise required
to be collected during a fiscal year and each of the succeeding 2 fiscal years
pursuant to subsection 1 for a parcel or other taxable unit of property is less
than or equal to $100, the entire amount may be levied on the property and
collected during that initial fiscal year.

3. The Nevada Tax Commission may exempt
from the requirements of this section the levy of any taxes in an amount which
is less than the cost of collecting those taxes.

4. The amount of any taxes levied on any
property pursuant to this section must be added to the amount of ad valorem
taxes each taxing entity would otherwise be entitled to receive for a fiscal
year in the same proportion as the rate of ad valorem taxes levied in the
county on the property by or on behalf of that taxing entity for that fiscal
year bears to the combined rate of all ad valorem taxes levied in the county on
the property by or on behalf of all taxing entities for that fiscal year.

5. The Nevada Tax Commission shall adopt
such regulations as it deems appropriate to ensure that this section is carried
out in a uniform and equal manner.

NRS 361.4726Exemption from partial abatements for certain new taxes and
increases in existing taxes.

1. Except as otherwise provided by
specific statute, if any legislative act which becomes effective after April 6,
2005, imposes a duty on a taxing entity to levy a new ad valorem tax or to
increase the rate of an existing ad valorem tax, the amount of the new tax or
increase in the rate of the existing tax is exempt from each partial abatement
from taxation provided pursuant to NRS 361.4722, 361.4723 and 361.4724.

NRS 361.4727Increase in rate of tax for payment of obligations secured by
proceeds of tax: Prerequisites; effect on partial abatements.

1. A taxing entity may, if otherwise so
authorized by law, increase the rate of an ad valorem tax imposed by or on
behalf of that taxing entity for the payment of any obligations secured by the
proceeds of that tax if:

(a) The taxing entity determines that the
additional tax rate is necessary for the taxing entity to satisfy those
obligations; and

(b) The additional tax rate is stated separately
on the tax bill of each taxpayer, with a separate line that identifies the portion
of the tax liability resulting from the additional levy.

2. For the purposes of subsection 1, an
additional tax rate shall be deemed to be necessary to satisfy the obligations
secured by the proceeds of an ad valorem tax if the rate of the ad valorem tax
most recently levied for the payment of those obligations will not produce
sufficient revenue, after considering the effect of the partial abatements from
taxation provided pursuant to NRS 361.4722, 361.4723 and 361.4724 to
satisfy those obligations during the next fiscal year.

3. Except as otherwise provided in this
subsection, any increase in the rate of an ad valorem tax authorized pursuant
to this section must be included in the calculation of the partial abatements
from taxation provided pursuant to NRS 361.4722, 361.4723 and 361.4724.
An increase in the rate of an ad valorem tax authorized pursuant to this
section is exempt from each partial abatement from taxation provided pursuant
to NRS 361.4722, 361.4723
and 361.4724 if the obligations for which that
increase is imposed are issued:

(a) Before July 1, 2005; or

(b) On or after July 1, 2005, and, before the
issuance of the obligations:

(1) The governing body of the taxing
entity issuing the obligations makes a finding that no increase in the rate of
an ad valorem tax is anticipated to be necessary for the payment of the
obligations during the term thereof; and

(2) The debt management commission of the
county in which the taxing entity is located approves that finding.

4. For the purposes of this section,
“taxing entity” does not include the State.

NRS 361.4728Levy of tax upon approval of voters at rate that is exempt from
partial abatements.

1. In addition or as an alternative to
increasing the rate of an ad valorem tax pursuant to NRS
361.4727, a taxing entity may, if otherwise so authorized by law and upon
the approval of a majority of the registered voters residing within the
boundaries of the taxing entity and voting on the question, levy or require the
levy on its behalf of an ad valorem tax at a rate that is exempt from each
partial abatement from taxation provided pursuant to NRS
361.4722, 361.4723 and 361.4724.

2. The exemption set forth in subsection 1
from the partial abatements provided in NRS 361.4722,
361.4723 and 361.4724
does not apply to any portion of a rate that was approved by the voters before
April 6, 2005.

3. A question that is placed on the ballot
pursuant to subsection 1:

(a) Must clearly indicate that any amount which
is approved by the voters will be outside of the caps on an individual’s
liability for ad valorem taxes; and

(b) May indicate that no additional taxes or tax
levy will result from the approval of the question by the voters only if that
approval will not result in a reduction of the revenue of any other taxing
entity.

4. For the purpose of obtaining the
exemption set forth in subsection 1, a question submitted pursuant to NRS 350.020, 354.59817, 387.3285 or 387.3287 may be combined into a single
question with a question submitted pursuant to subsection 1. If a question
submitted by or on behalf of a taxing entity pursuant to NRS 350.020 is combined into a single
question with a question submitted pursuant to subsection 1 and the combined
question is approved by a majority of the registered voters voting on the
question, the amount of the tax which the governing body of that taxing entity
determines to be needed from year to year to repay the principal of and
interest on the amount of any general obligations approved pursuant to that
question is, except as otherwise provided in subsection 2 or unless the
question provides otherwise, exempt pursuant to subsection 1 from each partial
abatement from taxation provided pursuant to NRS
361.4722, 361.4723 and 361.4724.

5. For the purposes of this section,
“taxing entity” does not include the State.

NRS 361.4729Calculation of partial abatement when taxable value of real
property is reduced because of destruction, removal or overassessment of
improvement.If the taxable value
of an improvement to real property is reduced as a result of:

1. The partial or complete destruction or
removal of the improvement; or

2. The correction pursuant to NRS 361.768 of an overassessment of the improvement
because of a factual error,

Ê then for the
purpose of calculating the amount of any partial abatement to which the owner
of the real property is entitled pursuant to NRS
361.4722, 361.4723 or 361.4724
for the initial fiscal year for which that reduction in taxable value applies,
the amount determined for the immediately preceding fiscal year pursuant to
paragraph (a) of subsection 1 of NRS 361.4722,
paragraph (a) of subsection 2 of NRS 361.4722,
paragraph (a) of subsection 1 of NRS 361.4723 or
paragraph (a) of subsection 1 of NRS 361.4724, as
applicable, must be reduced by the same percentage as the taxable value of the
real property is reduced for that initial fiscal year as a result of the
partial or complete destruction or removal of the improvement to the property
or the correction of the overassessment of the improvement to the property.

NRS 361.4732Effect of annexation of real property to taxing entity.Except as otherwise required to carry out the
provisions of NRS 361.4729 and any regulations
adopted pursuant to NRS 361.4733, and
notwithstanding any other provision of NRS 361.471
to 361.4735, inclusive, to the contrary, after a
parcel or other taxable unit of real property is annexed to a taxing entity:

1. The amount otherwise required to be
determined pursuant to paragraph (a) of subsection 1 of NRS
361.4722, paragraph (a) of subsection 2 of NRS
361.4722, paragraph (a) of subsection 1 of NRS
361.4723 or paragraph (a) of subsection 1 of NRS
361.4724 with respect to that property for the first fiscal year in which
that taxing entity is entitled to levy or require the levy on its behalf of any
ad valorem taxes on the property as a result of that annexation of the property,
shall be deemed to be the amount of ad valorem taxes which would have been
levied on the property for the immediately preceding fiscal year if the
annexation had occurred 1 year earlier, based upon the tax rates that would
have applied to the property for the immediately preceding fiscal year if the
annexation had occurred 1 year earlier and without regard to any exemptions
from taxation that applied to the property for the immediately preceding fiscal
year but do not apply to the property for the current fiscal year; and

2. For the purposes of any other
calculations required pursuant to the provisions of NRS
361.471 to 361.4735, inclusive, the combined
overlapping tax rate applicable to that property for the fiscal year
immediately preceding the first fiscal year in which that taxing entity is
entitled to levy or require the levy on its behalf of any ad valorem taxes on
the property as a result of that annexation of the property, shall be deemed to
be the combined overlapping tax rate that would have applied to the property
for that year if the annexation had occurred 1 year earlier.

NRS 361.4733Adoption of regulations by Committee on Local Government
Finance.

1. The Committee on Local Government
Finance shall adopt:

(a) Such regulations as it determines to be
appropriate to provide for the allocation among the appropriate taxing entities
of the amount of any reduction in the ad valorem taxes levied on a parcel or
other taxable unit of real property as a result of the application of NRS 361.4722, 361.4723
and 361.4724, in accordance with the principles
that:

(1) Any reduction in the ad valorem taxes
levied on a parcel or other taxable unit of real property as a result of the
application of NRS 361.4722, 361.4723 and 361.4724
which is caused by an increase in the rate of taxes imposed by one or more
taxing entities should be allocated to the taxing entities that would have
received the benefit of that increase in proportion to the relative amount of
benefit that otherwise would have been received from that increase;

(2) Any increase in the rate of ad valorem
taxes imposed by a taxing entity should not affect the amount of ad valorem
taxes received by other taxing entities, except for redevelopment agencies and
tax increment areas whose property tax receipts depend on the tax rate of the
taxing entity that increases its rate of taxes and whose territory is included,
in whole or in part, in the territory of the taxing entity that increases its
rate of taxes; and

(3) A taxing entity that does not increase
its rate of ad valorem taxes should not be allocated any reduction in the ad
valorem taxes levied on a parcel or other taxable unit of real property as a
result of the application of NRS 361.4722, 361.4723 and 361.4724,
except for any reduction caused by an increase in the assessed value of that
parcel or other taxable unit of real property; and

(b) Subject to the principles set forth in
paragraph (a):

(1) Such regulations as it determines to
be appropriate for the administration and interpretation of the provisions of NRS 361.4732; and

(2) Regulations which provide
methodologies for allocating among the appropriate taxing entities the amount
of any reduction in the ad valorem taxes levied on a parcel or other taxable
unit of real property as a result of the application of NRS
361.4722, 361.4723 and 361.4724
if the property is included in or excluded from the boundaries of a
redevelopment area, tax increment area or taxing entity after June 14, 2005.

2. Any regulations adopted by the
Committee on Local Government Finance pursuant to this section must be adopted
in the manner prescribed for state agencies in chapter
233B of NRS.

NRS 361.4734Review of determination of applicability of partial abatement;
appeal of decision upon review; judicial review.

1. A taxpayer who is aggrieved by a
determination of the applicability of a partial abatement from taxation
pursuant to NRS 361.4722, 361.4723
or 361.4724 may, if the property which is the
subject of that determination:

(a) Is not valued pursuant to NRS 361.320 or 361.323,
submit a written petition for the review of that determination to the county
assessor of the county in which the property is located. The petition must be
submitted on or before June 30 of the fiscal year for which the determination
is effective. The county assessor shall, within 30 days after receiving the
petition, render a decision on the petition and notify the taxpayer of that
decision.

(b) Is valued pursuant to NRS
361.320 or 361.323, submit a written petition
for the review of that determination to the Department. The Department shall,
within 30 days after receiving the petition, render a decision on the petition
and notify the taxpayer of that decision.

2. A taxpayer who is aggrieved by a
decision rendered by a county assessor or the Department pursuant to subsection
1 may, within 30 days after receiving notice of that decision, appeal the
decision to the Nevada Tax Commission.

3. A taxpayer who is aggrieved by a
determination of the Nevada Tax Commission rendered on an appeal made pursuant
to subsection 2 is entitled to a judicial review of that determination.

NRS 361.4735Penalty for false claim of partial abatement.Any person who falsely claims to be entitled
to a partial abatement from taxation pursuant to NRS
361.4723 or 361.4724 with the intent to evade
the payment of the amount of ad valorem taxes required by law shall pay a
penalty of three times the amount of the tax deficiency, in addition to the
amount of the tax due and any other penalty provided by law.

NRS 361.475County treasurers to be tax receivers.The
several county treasurers of this state shall be ex officio tax receivers under
the provisions of this chapter for their several counties, and they shall
receive all taxes assessed upon the real property tax roll.

[27:344:1953]

NRS 361.480Notice to taxpayers; individual tax bills.

1. Upon receiving the assessment roll from
the county auditor, the ex officio tax receiver shall proceed to receive taxes.

2. The ex officio tax receiver shall give
notice at least quarterly by publication in some newspaper published in his or
her county, and if none is so published then by posting notices in three public
and conspicuous places in the county, specifying:

(a) The dates when taxes are due; and

(b) The penalties for delinquency.

3. The ex officio tax receiver shall mail
to each property owner, or to the holder of the mortgage on that property, an
individual tax bill which includes:

(a) All of the information supplied to him or her
by the county auditor.

(b) A statement explaining how to obtain the
information set forth in the notices published by the ex officio tax receiver
pursuant to NRS 361.4545.

Ê If the
holder of a mortgage receives such a bill on behalf of a property owner, he or
she shall forward the bill or a copy thereof to the owner in the next notice of
billing sent to the owner for the mortgage. Failure to receive an individual
tax bill does not excuse the taxpayer from the timely payment of his or her
taxes.

4. An ex officio tax receiver may
authorize a property owner or the holder of a mortgage to request, by written
letter, electronic mail, facsimile or any other method authorized by the ex
officio tax receiver, the electronic transmission of the individual tax bill
required by subsection 3 or a link to that bill, as posted on a website or
other Internet site pursuant to paragraph (b) of subsection 6, to the property
owner or holder of the mortgage at a specific electronic mail address or
pursuant to another specific method of electronic delivery in lieu of the
mailing of that bill pursuant to subsection 3. If an ex officio tax receiver
transmits the individual tax bill or link electronically to the property owner
or holder of the mortgage in accordance with such a request, the ex officio tax
receiver shall be deemed to have mailed the individual tax bill to the property
owner or holder of the mortgage in compliance with subsection 3 regardless of
whether the property owner or holder of the mortgage actually receives that
electronic transmission.

5. If, in lieu of an individual tax bill,
an ex officio tax receiver mails an individual tax notice to a property owner,
the notice must include the information required for the individual tax bill
pursuant to subsection 3.

6. In addition to complying with
subsections 3 and 5, an ex officio tax receiver shall:

(a) Provide without charge a copy of an individual
tax bill or individual tax notice to the property owner upon request.

(b) Post the information included in an
individual tax bill or individual tax notice on a website or other Internet
site, if any, that is operated or administered by or on behalf of the county or
the ex officio tax receiver.

NRS 361.482Collection of tax levied by State.The
ad valorem tax on property levied by the Legislature shall be collected, in one
sum or in installments as provided by this chapter, during each fiscal year
upon:

1. Property assessed during that fiscal
year which is not placed upon the secured roll.

2. Property assessed during the preceding
fiscal year which was placed upon the secured roll.

1. Except as otherwise provided in this
section and NRS 361.736 to 361.7398,
inclusive, taxes assessed upon the real property tax roll and upon mobile or
manufactured homes are due on the third Monday of August.

2. Taxes assessed upon the real property
tax roll may be paid in four approximately equal installments if the taxes
assessed on the parcel exceed $100.

3. Except as otherwise provided in this
section, taxes assessed upon a mobile or manufactured home may be paid in four
installments if the taxes assessed exceed $100.

4. If a taxpayer owns at least 25 mobile
or manufactured homes in a county that are leased for commercial purposes, and
those mobile or manufactured homes have not been converted to real property
pursuant to NRS 361.244, taxes assessed upon those
homes may be paid in four installments if, not later than July 31, the taxpayer
returns to the county assessor the written statement of personal property
required pursuant to NRS 361.265.

5. Except as otherwise provided in this
section and NRS 361.505, taxes assessed upon
personal property may be paid in four approximately equal installments if:

(a) The total personal property taxes assessed
exceed $5,000;

(b) Not later than July 31, the taxpayer returns
to the county assessor the written statement of personal property required
pursuant to NRS 361.265;

(c) The taxpayer files with the county assessor,
or county treasurer if the county treasurer has been designated to collect
taxes, a written request to be billed in installments and includes with the
request a copy of the written statement of personal property required pursuant
to NRS 361.265;

(d) The owner of the personal property assessed
has paid all the personal property taxes assessed on the property without
accruing penalties for the immediately preceding 2 fiscal years in any county
in the State; and

(e) Not later than September 15, the county tax
receiver issues to the taxpayer an individual tax bill for the personal
property which itemizes the dates on which the installments are due. If that
tax bill is issued on or after August 1 and on or before September 15, the
first two installments are due on the first Monday of October, the third
installment on the first Monday of January, and the fourth installment on the
first Monday of March.

6. Except as otherwise provided in
subsection 5, if a person elects to pay in installments, the first installment
is due on the third Monday of August, the second installment on the first
Monday of October, the third installment on the first Monday of January, and
the fourth installment on the first Monday of March.

7. If any person charged with taxes which
are a lien on real property fails to pay:

(a) Any one installment of the taxes on or within
10 days following the day the taxes become due, there must be added thereto a
penalty of 4 percent.

(b) Any two installments of the taxes, together
with accumulated penalties, on or within 10 days following the day the later
installment of taxes becomes due, there must be added thereto a penalty of 5
percent of the two installments due.

(c) Any three installments of the taxes, together
with accumulated penalties, on or within 10 days following the day the latest
installment of taxes becomes due, there must be added thereto a penalty of 6
percent of the three installments due.

(d) The full amount of the taxes, together with
accumulated penalties, on or within 10 days following the first Monday of
March, there must be added thereto a penalty of 7 percent of the full amount of
the taxes.

8. Any person charged with taxes which are
a lien on a mobile or manufactured home who fails to pay the taxes within 10
days after an installment payment is due is subject to the following
provisions:

9. If any property tax postponed pursuant
to NRS 361.736 to 361.7398,
inclusive, becomes due and payable and the person charged with that tax fails
to make the required payment within 10 days after it becomes due, there must be
added thereto a penalty of 7 percent of the amount of the tax that is due. If
the required payment is not paid within 30 days after it becomes due, there
must be added thereto all penalties and interest that would have accrued had
the property tax not been postponed pursuant to NRS
361.736 to 361.7398, inclusive.

10. The ex officio tax receiver of a
county shall notify each person in the county who is subject to a penalty
pursuant to this section of the provisions of NRS 360.419 and 361.4835.

NRS 361.4835Waiver of all or part of interest and penalty for late payment
of taxes.

1. If the county treasurer or the county
assessor finds that a person’s failure to make a timely return or payment of
tax that is assessed by the county treasurer or county assessor and that is
imposed pursuant to chapter 361 of NRS, except NRS 361.320, is the result of circumstances beyond the
person’s control and occurred despite the exercise of ordinary care and without
intent, the county treasurer or the county assessor may relieve the person of
all or part of any interest or penalty, or both.

2. A person seeking this relief must pay
the amount of the tax due and, within 30 days after the date the payment is
made, file a statement setting forth the facts upon which the person bases his
or her claim with the county treasurer or the county assessor.

3. The county treasurer or the county
assessor shall disclose, upon the request of any person:

(a) The name of the person; and

(b) The amount of the relief.

4. If the relief sought by the taxpayer is
denied, the taxpayer may appeal from the denial to the Nevada Tax Commission.

5. The county treasurer or the county
assessor may defer the decision to the Department.

NRS 361.484Abatement of taxes on real or personal property acquired by
Federal Government, State or political subdivision.

1. As used in this section, “acquired” means
acquired:

(a) Pursuant to a purchase order or other sales
agreement or by condemnation proceedings pursuant to chapter 37 of NRS, if the property acquired is
personal property.

(b) By purchase and deed or by condemnation
proceedings pursuant to chapter 37 of NRS, if
the property acquired is real property.

2. Taxes levied on real or personal
property which is acquired by the Federal Government or the State or any of its
political subdivisions must be abated ratably for the portion of the fiscal
year in which the property is owned by the Federal Government or the State or
its political subdivision.

3. For the purposes of abatement, the
Federal Government or the State or its political subdivision shall be deemed to
own:

(a) Personal property acquired by purchase
commencing on the date of sale indicated on the purchase order or other sales
agreement.

(b) Personal property acquired by condemnation
from the date of judgment pursuant to NRS
37.160.

(c) Real property acquired by purchase commencing
with the date the deed is recorded.

(d) Real property acquired by condemnation from
the date of judgment pursuant to NRS 37.160
or the date of occupancy of the property pursuant to NRS 37.100, whichever occurs earlier.

1. Whenever any tax is paid to the ex
officio tax receiver, he or she shall appropriately record the payment and the
date thereof on the tax roll contiguously with the name of the person or the
description of the property liable for the taxes, and shall give a receipt for
the payment if requested by the taxpayer.

2. If the assessment roll is maintained on
magnetic storage files in a computer system, the requirement of subsection 1 is
met if the system is capable of producing, as printed output, the assessment
roll with the dates of payments shown opposite the name of the person or the
description of the property liable for the taxes.

3. If the amount of taxes and penalties
paid on personal property, together with the amount of any partial abatements
of those taxes to which the taxpayer may be entitled:

(a) Results in an overpayment that is less than
the average cost of collecting property taxes in this State as determined by
the Nevada Tax Commission, the ex officio tax receiver shall pay the amount of
the overpayment into the county treasury for the benefit of the general fund of
the county, unless the taxpayer who made the overpayment requests a refund
within 6 months after the original payment. All interest paid on money
deposited in the county treasury pursuant to this paragraph is the property of
the county.

(b) Results in a deficiency, the amount of the
deficiency, other than a payment for a penalty, must be exempted from
collection if the amount of the deficiency is less than the average cost of
collecting property taxes in this State as determined by the Nevada Tax
Commission.

4. If the amount of taxes paid on real
property:

(a) Results in an overpayment that does not
exceed the amount due by more than $5, the ex officio tax receiver shall pay
the amount of the overpayment into the county treasury for the benefit of the
general fund of the county, unless the taxpayer who made the overpayment
requests a refund within 6 months after the original payment. All interest paid
on money deposited in the county treasury pursuant to this paragraph is the
property of the county.

(b) Results in a deficiency that is $5 or less
than the amount due, the ex officio tax receiver may exempt the amount of the
deficiency from collection.

1. Except as otherwise provided in
subsection 2 and NRS 361.485, interest must be paid
on an overpayment of the taxes imposed by this chapter at the rate of 0.25
percent per month, or fraction thereof, from the last day of the calendar month
in which the overpayment was made to the last day of the calendar month in
which a refund is made.

2. No interest is allowed:

(a) On a refund of any penalty or interest paid
by a taxpayer; or

(b) If the ex officio tax receiver determines
that the overpayment was made intentionally or by reason of carelessness.

1. As used in NRS
361.505 to 361.5607, inclusive, “migratory
property” means any movable personal property which the county assessor expects
will not remain in the county for a full fiscal year.

2. Each county assessor, when he or she
assesses the migratory property of any person liable to taxation, shall place
it on the unsecured tax roll.

3. The county assessor shall prorate the
tax on migratory property brought into or entering the State or county for the
first time during the fiscal year by reducing the tax one-twelfth for each full
month which has elapsed since the beginning of the fiscal year. Where such
property is owned by a person who does own real estate in the county of sufficient
value in the county assessor’s judgment to pay the taxes on both the real and
personal property of the person, the tax on the personal property for the
fiscal year in which the property was moved into the State or county, prorated,
may be collected all at once or by installments as permitted by NRS 361.483 for property assessed upon the real
property tax roll. The tax on personal property first assessed in May or June
may be added to the tax on that property for the ensuing fiscal year and
collected concurrently with it.

4. The person who pays such taxes is not
thereby deprived of his or her right to have the assessment equalized, and if,
upon equalization, the value is reduced, the taxes paid must be refunded to
that person from the county treasury, upon the order of the county board of
equalization or State Board of Equalization in proportion to the reduction of
the value made.

NRS 361.510Preparation of blank receipts for payment of taxes on movable
personal property.

1. Except as otherwise provided in
subsection 2, before June 1 of each year, the tax receiver of each county shall
prepare suitable blank receipts that are sequentially numbered to be issued
upon the payment, in cash, of taxes on movable personal property.

2. The provisions of this section do not
apply in a county which provides receipts for such payments in cash which are
produced by a computer.

NRS 361.525Penalties for tax receiver giving other than required receipts.If a tax receiver gives any receipt on the
payment to him or her of any tax on movable personal property other than that
provided for in NRS 361.510, he or she is guilty of
a category D felony and shall be punished as provided in NRS 193.130, and shall be removed from
office.

1. Except as otherwise provided in this
section, on all money collected from personal property tax by the several
county assessors and county treasurers, there must be reserved and paid into
the county treasury, for the benefit of the general fund of their respective
counties, by the county assessor or county treasurer, a percentage commission
of 8 percent on the gross amount of collections from personal property tax.

2. One-quarter of the commission reserved
pursuant to subsection 1 must be accounted for separately in the account for
the acquisition and improvement of technology in the office of the county
assessor created pursuant to NRS 250.085.

NRS 361.535Date taxes become delinquent; penalty for delinquency;
collection by seizure and sale of personal property or alternative methods;
disposition of excess proceeds from sale of certain property.

1. If the person, company or corporation
so assessed neglects or refuses to pay the taxes within 30 days after demand,
the taxes become delinquent. If the person, company or corporation so assessed
neglects or refuses to pay the taxes within 10 days after the taxes become
delinquent, a penalty of 10 percent must be added. If the tax and penalty are
not paid on demand, the county assessor or his or her deputy may seize, seal or
lock enough of the personal property of the person, company or corporation so
neglecting or refusing to pay to satisfy the taxes and costs. The county
assessor may use alternative methods of collection, including, without
limitation, the assistance of the district attorney.

2. The county assessor shall:

(a) Post a notice of the seizure, with a
description of the property, in a public area of the county courthouse or the
county office building in which the assessor’s office is located, and within
the immediate vicinity of the property being seized; and

(b) At the expiration of 5 days, proceed to sell
at public auction, at the time and place mentioned in the notice, to the
highest bidder, for lawful money of the United States, a sufficient quantity of
the property to pay the taxes and expenses incurred. For this service, the county
assessor must be allowed from the delinquent person a fee of $3. The county
assessor is not required to sell the property if the highest bid received is
less than the lowest acceptable bid indicated in the notice.

Ê A person
who, after the notice of the seizure of the property is posted pursuant to this
subsection within the immediate vicinity of the property being seized and
before the delinquent taxes on the property are paid, and without the consent
of the county assessor, removes, defaces, covers or otherwise conceals that
notice, moves or sells the property, attempts to move or sell the property, or
assists another person to move or sell the property, is guilty of a gross
misdemeanor.

3. If the personal property seized by the
county assessor or his or her deputy consists of a mobile or manufactured home,
an aircraft, or the personal property of a business, the county assessor shall
publish a notice of the seizure once during each of 2 successive weeks in a
newspaper of general circulation in the county. If the legal owner of the
property is someone other than the registered owner and the name and address of
the legal owner can be ascertained from public records, the county assessor
shall, before publication, send a notice of the seizure by registered or
certified mail to the legal owner. The cost of the publication and notice must
be charged to the delinquent taxpayer. The notice must state:

(a) The name of the owner, if known.

(b) The description of the property seized,
including the location, the make, model and dimensions and the serial number,
body number or other identifying number.

(c) The fact that the property has been seized
and the reason for seizure.

(d) The lowest acceptable bid for the sale of the
property, which is the total amount of the taxes due on the property and the
penalties and costs as provided by law.

(e) The time and place at which the property is
to be sold.

Ê After the
expiration of 5 days from the date of the second publication of the notice, the
property must be sold at public auction in the manner provided in subsection 2
for the sale of other personal property by the county assessor.

4. Upon payment of the purchase money, the
county assessor shall deliver to the purchaser of the property sold, with a
certificate of the sale, a statement of the amount of taxes or assessment and
the expenses thereon for which the property was sold, whereupon the title of
the property so sold vests absolutely in the purchaser.

5. After a mobile or manufactured home, an
aircraft, or the personal property of a business is sold and the county
assessor has paid all the taxes and costs on the property, the county assessor
shall deposit into the general fund of the county the first $300 of the excess
proceeds from the sale. The county assessor shall deposit any remaining amount
of the excess proceeds from the sale into an interest-bearing account
maintained for the purpose of holding excess proceeds separate from other money
of the county. If no claim is made for the money within 6 months after the sale
of the property for which the claim is made, the county assessor shall pay the
money into the general fund of the county. All interest paid on money deposited
in the account pursuant to this subsection is the property of the county.

6. If the former owner of a mobile or
manufactured home, aircraft, or personal property of a business that was sold
pursuant to this section makes a claim in writing for the balance of the
proceeds of the sale within 6 months after the completion of the sale, the county
assessor shall pay the balance of the proceeds of the sale or the proper
portion of the balance over to the former owner if the county assessor is
satisfied that the former owner is entitled to it.

NRS 361.545Monthly returns of county assessor to county auditor and county
treasurer; duties of county auditor and county treasurer.On or before the fifth day of each month, the
county assessor shall:

1. Return to the county auditor a list,
under oath, of all collections made under the provisions of NRS 361.505 and 361.535,
and shall, at the same time, return all the original schedules of assessment of
such property made the previous month. After comparing the schedules with the
sworn list of collections, the county auditor shall file them in his or her
office, and shall enter upon the assessment roll of the county for that year,
when it comes into his or her hands, and mark the word “Paid” opposite the name
of each person whose taxes are so paid.

2. Except as otherwise provided in NRS 361.535, pay over to the county treasurer all
money collected under the provisions of NRS 361.505
and 361.535, taking duplicate receipts from the
county treasurer for the amount so paid. The county assessor shall file one of
the receipts with the county auditor.

NRS 361.550Penalty for county assessor’s neglect or refusal; duties of
county auditor and district attorney.

1. Should the county assessor neglect or
refuse to make the monthly statements of his or her collections of movable
personal property tax as required by law, or neglect or refuse to file the
original schedules of his or her assessments of such property, the county
assessor shall be guilty of a misdemeanor, and shall be removed from office.

2. In case of such neglect and refusal,
the county auditor shall inform the district attorney immediately of such
facts, and the district attorney shall commence proceedings against the county
assessor under this section.

[63:344:1953]—(NRS A 1967, 560)

NRS 361.555Actions against county auditor for losses sustained by State and
county through defalcation of county assessor.

1. The county auditor shall be liable on
his or her official bond for double the amount of the loss that the State and
county may sustain through the defalcation of the county assessor, or
otherwise, in cases where the county auditor has not notified the district
attorney of the neglect or refusal of the county assessor to make his or her
monthly statement, under oath, of collection of the tax on movable personal
property as required by law.

2. The State Controller shall have
direction and control of all suits brought against the county auditor under
this section. A copy of the statement of amount lost by the State and county,
made out and certified by the State Controller, shall be sufficient evidence to
support an action in any court of competent jurisdiction for the amount of such
loss without proof of the signature or official character of the State
Controller, subject, however, to the right of the defendant to plead and give
in evidence, as in other actions, all such matters as shall be legal and proper
for his or her defense or discharge.

3. One-half of all moneys recovered under
such suit against the county auditor shall go into the General Fund of the
State and one-half shall go into the general fund of the county.

[67:344:1953]—(NRS A 1969, 148)

NRS 361.560Action to recover personal property tax.

1. In addition to any other remedies
provided by law for the collection of delinquent taxes, the district attorney
of the proper county may bring a civil action in a court of competent
jurisdiction therein for the recovery of the personal property tax.

2. In cases where personal property taxes,
assessed to the same owner of migratory property and upon such property, it
being used and operated in more than one county of this state, are due and
unpaid therein for the then current fiscal year or for not exceeding 4 years prior
thereto, the district attorneys of each of such counties or the Attorney
General may consolidate all civil actions brought against the owner for the
recovery of all or any portion of the delinquent taxes in one civil action
brought in a court of competent jurisdiction in Carson City, State of Nevada.
Any judgment recovered, when satisfied, must be paid to each county involved
and to the State, as their several interests may appear.

3. Where a nonresident of the State, owner
of migratory property, is defendant in any such action and judgment is
recovered against such owner, such judgment becomes a lien on any property of
such owner then or thereafter found within the State.

4. Any court in which the civil action
provided in this section is brought has jurisdiction to try and determine such
action, whether or not property of the defendant can be found within the State
at the time of the commencement of the action or thereafter.

[61:344:1953]—(NRS A 1969, 287; 1983, 846)

NRS 361.5605County commissioners may designate county treasurer to collect
personal property taxes.The board
of county commissioners of any county may by ordinance designate the county
treasurer to collect taxes on personal property in the county otherwise
collectible by the county assessor, and the county treasurer by virtue of that
ordinance has the same rights, powers, duties and liabilities as a county
assessor under this chapter for the collection of those taxes on personal
property.

(Added to NRS by 1981, 578)

NRS 361.5607Designation of taxes on personal property as uncollectible.

1. The tax receiver may petition the board
of county commissioners to designate as uncollectible those taxes on personal
property for whose collection all appropriate procedures have been followed and
have proved unsuccessful and:

(a) Which have been delinquent for 3 years or
more; or

(b) Whose amount, including penalties and costs,
is $25 or less.

Ê The board
may grant or deny the petition with respect to any or all of those taxes.

2. No future liability attaches to the
county assessor or the county treasurer for any taxes designated as
uncollectible by the board of county commissioners under this section.

1. A dwelling unit identified as
“chassis-mount camper,” “mini motor home,” “motor home,” “recreational park
trailer,” “travel trailer,” “utility trailer” and “van conversion,” in chapter 482 of NRS and any other vehicle
required to be registered with the Department of Motor Vehicles are subject to
the personal property tax unless registered and taxed pursuant to chapter 371 of NRS. Such unregistered units and
vehicles must be taxed in the manner provided in NRS
361.561 to 361.5644, inclusive.

2. As used in this section, “dwelling
unit” means a vehicle that is primarily used as living quarters, but has not
been converted to real property pursuant to NRS 361.244,
and is located in a manufactured home park, as defined in NRS 118B.017, or on other land within
the county, but not in a recreational vehicle park, as defined in NRS 108.2678, that is licensed for
parking vehicles for a duration of less than 9 months per year.

NRS 361.562Report to county assessor of purchase, repossession or entry
into State of mobile or manufactured home; manner of assessment.

1. Each purchaser or repossessor of a
mobile or manufactured home and each person who brings a mobile or manufactured
home into the State shall report that mobile or manufactured home to the county
assessor within 30 days after the date of its purchase, repossession or entry
into the State.

2. If the county assessor determines that
the mobile or manufactured home is:

(a) Migratory property, he or she shall assess it
pursuant to NRS 361.505.

(b) Nonmigratory property, he or she shall assess
it pursuant to NRS 361.260.

NRS 361.5625Filing requirements for owners of at least 25 mobile or
manufactured homes leased within county for commercial purposes and not
converted to real property.A
person who owns at least 25 mobile or manufactured homes that are leased within
a county for commercial purposes and have not been converted to real property
pursuant to NRS 361.244 shall file:

1. A written statement required by NRS 361.265 that includes an inventory of such homes;
and

2. With the county assessor of the county
in which the homes are situated a report of any new or used mobile or
manufactured homes brought into the county as required by NRS 361.562.

NRS 361.5641Allowable credit for tax paid on another mobile or manufactured
home sold or exchanged or paid to state of previous residence.If any person:

1. Who has purchased a mobile or
manufactured home on which the person is required to pay a personal property
tax under the provisions of NRS 361.562,
establishes to the satisfaction of the county assessor that he or she has paid
the personal property tax for the current fiscal year on another mobile or
manufactured home which the person has sold or exchanged, the county assessor
shall allow as a credit 1/12 of the tax previously paid multiplied by the
number of full months remaining in the current fiscal year after the sale or
exchange of the mobile or manufactured home on which the tax was paid.

2. Has paid a personal property tax on a
mobile or manufactured home to the state of his or her previous residence, the
county assessor shall allow a 1/12 reduction in the tax for the current fiscal
year for each calendar month that the person has paid such a tax in the other
state.

NRS 361.5643Issuance of sticker by county assessor.Upon
compliance by the purchaser or repossessor of a mobile or manufactured home
with the provisions of NRS 361.562 or upon payment
of the tax the county assessor may issue a sticker which must be of a design
and affixed in such manner as is prescribed by the Department.

NRS 361.5644Penalty for noncompliance; seizure and sale of mobile or
manufactured home.

1. If the purchaser, repossessor or other
owner of a mobile or manufactured home fails to comply with the provisions of
subsection 1 of NRS 361.562 within the required
time, there must be added to the tax and collected therewith a penalty in the
amount of 10 percent of the tax due. The county assessor may waive this penalty
if he or she finds extenuating circumstances sufficient to justify the waiver.

2. If any person required to pay a
personal property tax under the provisions of NRS
361.562 neglects or refuses to pay the tax on demand of the county
assessor, the county assessor or his or her deputy shall seize the mobile or
manufactured home upon which the taxes are due and proceed in accordance with
the provisions of NRS 361.535.

3. The tax is due and the tax and any
penalty must be computed for each fiscal year from the date of purchase within
or importation into this state.

NRS 361.5648Mailing of notice of delinquent taxes: Duties of tax receiver;
contents of notice; second notice; costs; limitation of liability for failure
to provide.

1. Within 30 days after the first Monday
in March of each year, with respect to each property on which the tax is
delinquent, the tax receiver of the county shall mail notice of the delinquency
by first-class mail to:

(a) The owner or owners of the property;

(b) The person or persons listed as the taxpayer
or taxpayers on the tax rolls, at their last known addresses, if the names and
addresses are known;

(c) Each holder of a recorded security interest
if the holder has made a request in writing to the tax receiver for the notice,
which identifies the secured property by the parcel number assigned to it in
accordance with the provisions of NRS 361.189; and

(d) Each assignee of a tax lien on the property,
if the assignee has made a request in writing to the tax receiver for the
notice described in paragraph (c).

2. The notice of delinquency must state:

(a) The name of the owner of the property, if
known.

(b) The description of the property on which the
taxes are a lien.

(c) The amount of the taxes due on the property
and the penalties and costs as provided by law.

(d) That if the amount is not paid by or on
behalf of the taxpayer or his or her successor in interest, the tax receiver
will, at 5 p.m. on the first Monday in June of the current year, issue to the
county treasurer, as trustee for the State and county, a certificate
authorizing the county treasurer to hold the property, subject to redemption
within 2 years after the date of the issuance of the certificate, by payment of
the taxes and accruing taxes, penalties and costs, together with interest on
the taxes at the rate of 10 percent per annum, assessed monthly, from the date
due until paid as provided by law, except as otherwise provided in NRS 360.232 and 360.320, and that redemption may be made
in accordance with the provisions of chapter 21
of NRS in regard to real property sold under execution.

3. Within 30 days after mailing the
original notice of delinquency, the tax receiver shall issue his or her
personal affidavit to the board of county commissioners affirming that due
notice has been mailed with respect to each parcel. The affidavit must recite
the number of letters mailed, the number of letters returned and the number of
letters finally determined to be undeliverable. Until the period of redemption
has expired, the tax receiver shall maintain detailed records which contain
such information as the Department may prescribe in support of the affidavit.

4. A second copy of the notice of
delinquency must be sent by certified mail, not less than 60 days before the expiration
of the period of redemption as stated in the notice.

5. The cost of each mailing must be
charged to the delinquent taxpayer.

6. A county and its officers and employees
are not liable for any damages resulting from failure to provide actual notice
pursuant to this section if the county, officer or employee, in determining the
names and addresses of persons with an interest in the property, relies upon a
preliminary title search from a company authorized to provide title insurance
in this State.

NRS 361.565Publication of notice of delinquent taxes: Time, manner and
costs of publication; contents of notice.

1. Except as otherwise provided in
subsection 3, if the tax remains delinquent 30 days after the first Monday in
April of each year, the tax receiver of the county shall cause notice of the
delinquency to be published:

(a) At least once in the newspaper which
publishes the list of taxpayers pursuant to NRS 361.300.
If there is no newspaper in the county, the notice must be posted in at least
five conspicuous places within the county.

(b) On an Internet website that is maintained by
the county treasurer or, if the county treasurer does not maintain an Internet
website, on an Internet website maintained by the county.

2. The cost of publication in each case
must be charged to the delinquent taxpayer, and is not a charge against the
State or county. The publication must be made at not more than legal rates.

3. If the delinquent property consists of
unimproved real estate assessed at a sum not exceeding $25, the notice must be
given by posting a copy of the notice in three conspicuous places within the
county without publishing the notice in a newspaper.

4. The notice must contain the information
required for a notice of delinquency pursuant to subsection 2 of NRS 361.5648.

1. Pursuant to the notice given as
provided in NRS 361.5648 and 361.565 and at the time stated in the notice, the tax
receiver shall make out a certificate that describes each property on which
delinquent taxes, penalties, interest and costs have not been paid. The
certificate authorizes the county treasurer, as trustee for the State and
county, to hold each property described in the certificate for the period of 2
years after the first Monday in June of the year the certificate is dated,
unless sooner redeemed.

2. The certificate must specify:

(a) The amount of delinquency on each property,
including the amount and year of assessment;

(b) The taxes, and the penalties and costs added
thereto, on each property, and that, except as otherwise provided in NRS 360.232 and 360.320, interest on the taxes will be added
at the rate of 10 percent per annum, assessed monthly, from the date due until
paid; and

(c) The name of the owner or taxpayer of each
property, if known.

3. The certificate must state:

(a) That each property described in the
certificate may be redeemed within 2 years after the date of the certificate;

(b) That the title to each property not redeemed
vests in the county for the benefit of the State and county; and

(c) That a tax lien may be assigned against the
parcel pursuant to the provisions of NRS 361.7303
to 361.733, inclusive.

4. Until the expiration of the period of
redemption, each property held pursuant to the certificate must be assessed
annually to the county treasurer as trustee. Before the owner or his or her
successor redeems the property, he or she must also pay the county treasurer
holding the certificate any additional taxes, penalties and costs assessed and
accrued against the property after the date of the certificate, together with
interest on the taxes at the rate of 10 percent per annum, assessed monthly,
from the date due until paid, unless otherwise provided in NRS 360.232 and 360.320.

5. A county treasurer shall take a
certificate issued to him or her pursuant to this section. The county treasurer
may cause the certificate to be recorded in the office of the county recorder
against each property described in the certificate to provide constructive
notice of the amount of delinquent taxes on each property respectively. The
certificate reflects the amount of delinquent taxes, penalties, interest and
costs due on the properties described in the certificate on the date on which
the certificate was recorded, and the certificate need not be amended
subsequently to indicate additional taxes, penalties, interest and costs assessed
and accrued or the repayment of any of those delinquent amounts. The recording
of the certificate does not affect the statutory lien for taxes provided in NRS 361.450.

NRS 361.577Costs of abating nuisance chargeable against property held by
county treasurer.The necessary
costs to the county to abate a nuisance on property held in trust by the county
treasurer for delinquent taxes are legally chargeable against the property.

(Added to NRS by 1977, 453)

NRS 361.580Accounting by tax receiver to county auditor following period
for redemption; duties of county auditor.

1. No later than July 31 of each year
following the redemption period as set forth in NRS
361.570, the ex officio tax receiver shall attend at the office of the
county auditor with the assessment roll and shall render for the period ending
on June 30 of that year an account under oath to the county auditor as to the
amount of the taxes paid on the roll, the amount of taxes stricken by the board
of county commissioners and the amount of taxes delinquent on the roll.

2. The county auditor shall audit the
account and make a final settlement with the ex officio tax receiver of all
taxes charged against him or her on account of the assessment roll.

NRS 361.585Execution and delivery of deeds to county treasurer as trustee
after period of redemption; reconveyance of property.

1. When the time allowed by law for the
redemption of a property described in a certificate has expired and no
redemption has been made, the tax receiver who issued the certificate, or his
or her successor in office, shall execute and deliver to the county treasurer a
deed of the property in trust for the use and benefit of the State and county
and any officers having fees due them.

2. The county treasurer and his or her
successors in office, upon obtaining a deed of any property in trust under the
provisions of this chapter, shall hold that property in trust until it is sold
or otherwise disposed of pursuant to the provisions of this chapter.

3. Notwithstanding the provisions of NRS 361.595 or 361.603, at
any time during the 90-day period specified in NRS
361.603, or not later than 5 p.m. on the third business day before the day
of the sale by a county treasurer, as specified in the notice required by NRS 361.595, of any property held in trust by him or
her by virtue of any deed made pursuant to the provisions of this chapter, any
person specified in subsection 4 is entitled to have the property reconveyed
upon the receipt by the county treasurer of payment by or on behalf of that
person of an amount equal to the taxes accrued, together with any costs,
penalties and interest legally chargeable against the property. A reconveyance
may not be made after expiration of the 90-day period specified in NRS 361.603.

4. Property may be reconveyed pursuant to
subsection 3 to one or more of the persons specified in the following
categories, or to one or more persons within a particular category, as their
interests may appear of record:

(a) The owner.

(b) The beneficiary under a note and deed of
trust.

(c) The mortgagee under a mortgage.

(d) The creditor under a judgment.

(e) The person to whom the property was assessed.

(f) The person holding a contract to purchase the
property before its conveyance to the county treasurer.

(g) The Director of the Department of Health and
Human Services if the owner has received or is receiving any benefits from
Medicaid.

(h) The successor in interest of any person
specified in this subsection.

5. The provisions of this section apply to
land held in trust by a county treasurer on or after April 17, 1971.

NRS 361.590Contents, recordation and effect of deeds to county treasurer as
trustee after period of redemption; presumption of legality of proceedings.

1. If a property described in a
certificate is not redeemed within the time allowed by law for its redemption,
the tax receiver or his or her successor in office shall make to the county
treasurer as trustee for the State and county a deed of the property, reciting
in the deed substantially the matters contained in the certificate of sale or,
in the case of a conveyance under NRS 361.604, the
order of the board of county commissioners, and that no person has redeemed the
property during the time allowed for its redemption.

2. The deed must be recorded in the office
of the county recorder within 30 days after the date of expiration of the
period of redemption.

3. All such deeds are, except as against
actual fraud, conclusive evidence that:

(a) The property was assessed as required by law.

(b) The property was equalized as required by
law.

(c) The taxes were levied in accordance with law.

(d) The taxes were not paid.

(e) At a proper time and place a certificate of
delinquency was filed as prescribed by law, and by the proper officer.

(f) The property was not redeemed.

(g) The person who executed the deed was the
proper officer.

4. Such deeds are, except as against
actual fraud, conclusive evidence of the regularity of all other proceedings,
from the assessment by the county assessor to the execution of the deed.

5. Except as otherwise provided by specific
statute, the deed conveys to the county treasurer as trustee for the State and
county the property described therein, free of all encumbrances, except any
easements of record for public utility purposes, any lien for taxes or
assessments by any irrigation or other district for irrigation or other
district purposes, and any interest and penalties on the property, except when
the land is owned by the United States or this State, in which case it is prima
facie evidence of the right of possession accrued as of the date of the deed to
the purchaser, but without prejudice to the lien for other taxes or assessments
or the claim of any such district for interest or penalties.

6. No tax assessed upon any property, or
sale therefor, may be held invalid by any court of this State on account of:

(a) Any irregularity in any assessment;

(b) Any assessment or tax roll not having been
made or proceeding had within the time required by law; or

(c) Any other irregularity, informality,
omission, mistake or want of any matter of form or substance in any proceedings
which the Legislature might have dispensed with in the first place if it had
seen fit so to do, and that does not affect the substantial property rights of
persons whose property is taxed.

Ê All such
proceedings in assessing and levying taxes, and in the sale and conveyance
therefor, must be presumed by all the courts of this State to be legal until
the contrary is shown affirmatively.

NRS 361.595Conveyances of property held in trust by county treasurer:
Procedure; order of county commissioners; deeds to purchasers.

1. Any property held in trust by any
county treasurer by virtue of any deed made pursuant to the provisions of this
chapter may be sold and conveyed in the manner prescribed in this section and
in NRS 361.603 or conveyed without sale as provided
in NRS 361.604.

2. If the property is to be sold, the
board of county commissioners may make an order, to be entered on the record of
its proceedings, directing the county treasurer to sell the property
particularly described therein, after giving notice of sale, for a total amount
not less than the amount of the taxes, costs, penalties and interest legally
chargeable against the property as stated in the order.

3. Notice of the sale must specify the
day, time and place of the sale and be:

(a) Posted in at least three public places in the
county, including one at the courthouse and one on the property, not less than
20 days before the day of sale or, in lieu of such a posting, by publication of
the notice at least once a week for 4 consecutive weeks by four weekly
insertions in some newspaper published within the county, the first publication
being at least 22 days before the day of the sale, if the board of county
commissioners so directs.

(b) Mailed by certified mail, return receipt
requested, not less than 90 days before the day of the sale, to the owner of
the parcel as shown on the tax roll and to any person or governmental entity
that appears in the records of the county to have a lien or other interest in
the property. If the receipt is returned unsigned, the county treasurer must
make a reasonable attempt to locate and notify the owner or other person or
governmental entity before the sale.

4. Upon compliance with such an order the
county treasurer shall make, execute and deliver to any purchaser, upon payment
to the county treasurer, as trustee, of a consideration not less than that specified
in the order, a quitclaim deed, discharged of any trust of the property
mentioned in the order.

5. Before delivering any such deed, the
county treasurer shall record the deed at the expense of the purchaser.

6. All such deeds, whether issued before,
on or after July 1, 1955, are primary evidence:

(a) Of the regularity of all proceedings relating
to the order of the board of county commissioners, the notice of sale and the
sale of the property; and

(b) That, if the real property was sold to pay
taxes on personal property, the real property belonged to the person liable to
pay the tax.

7. No such deed may be executed and
delivered by the county treasurer until he or she files at the expense of the
purchaser, with the clerk of the board of county commissioners, proper
affidavits of posting and of publication of the notice of sale, as the case may
be, together with his or her return of sale, verified, showing compliance with
the order of the board of county commissioners, which constitutes primary
evidence of the facts recited therein.

8. If the deed when regularly issued is
not recorded in the office of the county recorder, the deed, and all
proceedings relating thereto, is void as against any subsequent purchaser in
good faith and for a valuable consideration of the same property, or any
portion thereof, when his or her own conveyance is first recorded.

9. The board of county commissioners shall
provide its clerk with a record book in which must be indexed the name of each
purchaser, together with the date of sale, a description of the property sold,
a reference to the book and page of the minutes of the board of county
commissioners where the order of sale is recorded, and the file number of the
affidavits and return.

NRS 361.600Limitation of action to recover land sold for taxes.No action or counterclaim for the recovery of
lands sold for taxes lies unless it is brought or interposed within 2 years
after the execution and delivery to the purchaser of the quitclaim deed
therefor by the county treasurer.

NRS 361.603Acquisition by local government or Nevada System of Higher
Education of property held in trust.

1. Any local government or the Nevada
System of Higher Education may, in the manner provided in this section, acquire
property held in trust by the treasurer of the county in which the local
government or any part of the System is located by virtue of any deed made
pursuant to the provisions of this chapter.

2. Whenever any local government or the
Nevada System of Higher Education determines that a public purpose may be
served by the acquisition of the property, it may make application to the board
of county commissioners for permission to acquire the property. If the board of
county commissioners approves the application, it shall direct the county
treasurer to give notice of intent to sell to the last known owner or heirs or
devisees of the last known owner of the property in the manner provided by law.

3. The last known owner may, within 90
days after the notice, redeem the property by paying to the treasurer the
amount of the delinquent taxes, plus penalties, interest and costs.

4. If the owner fails to redeem the
property within the time allowed, the county treasurer shall transfer the
property to the local government or the Board of Regents of the University of
Nevada upon receiving from it the amount of the delinquent taxes, except as
otherwise provided in subsection 5.

5. If property is so transferred to a
local government for street, sewer or drainage uses, for use in a program for
the rehabilitation of abandoned residential properties established by the local
government pursuant to chapter 279B of NRS,
or for use as open-space real property as designated in a city, county or
regional comprehensive plan, the delinquent taxes need not be paid.

6. As used in this section, “open-space
real property” has the meaning ascribed to it in NRS 361A.040.

1. Any Indian tribe may acquire property
held in trust by the county treasurer if:

(a) The property is an undivided interest in
Indian land which is allotted to members of the tribe;

(b) The taxes due on the property are delinquent;
and

(c) The period of redemption has expired.

2. The tribe must apply to the board of county
commissioners of the county in which the property is located for permission to
acquire the property under this section.

3. If the board of county commissioners is
satisfied that all of the conditions specified in subsection 1 are met, it may
order the county treasurer to convey the property to the tribe without
consideration.

(Added to NRS by 1979, 465)

NRS 361.605Rental of property held in trust; application of rents.While property is held in trust as provided in
this chapter, the county treasurer, or his or her successor in office, may
collect any rents arising from the property during the time the property is
subject to redemption. After the time of redemption has expired, until the
property is sold, the county treasurer, or his or her successor in office, may
rent the property, with the approval of the board of county commissioners, for
a price to be fixed in its minutes. The rents must be paid out by the county
treasurer, or his or her successor in office, for the payment of any taxes, penalties,
interest and costs already assessed and afterward accruing upon the property.

NRS 361.606Leases for development of oil, gas and geothermal resources:
Authority to lease property held in trust.Any
property held in trust by any county treasurer by virtue of any deed made
pursuant to the provisions of this chapter may be leased by the county for the
purpose of exploration for and production of oil, gas or other hydrocarbon
substances, or geothermal resources in the manner prescribed in NRS 361.607 and 361.608.

(Added to NRS by 1973, 1113)

NRS 361.607Leases for development of oil, gas and geothermal resources:
Procedure for leasing.

1. When the board of county commissioners
determines that the lease of any property referred to in NRS
361.606 will be to the advantage of the county, the board may grant leases
thereon on such terms and conditions as it sees fit to the highest responsible
bidder by competitive bidding, under regulations promulgated in advance, on the
basis of a cash bonus as the sole biddable factor.

2. Before ordering the lease of any
property the board shall, in open meeting by a majority vote of the members,
adopt a resolution declaring its intention to lease the property. The
resolution shall:

(a) Describe the property proposed to be leased
in such manner as to identify it.

(b) Specify the annual rental, royalty, term of
the lease and the other terms upon which it will be leased, including a cash
consideration which shall be the sole biddable factor to be included in all
bids submitted. All sealed bids shall be accompanied by a deposit not less than
20 percent of the amount bid. Such deposit shall be by cashier’s check,
certified check, United States currency, or a United States money order. The
resolution shall also specify that oral bids will be received after all sealed
bids have been opened, examined and declared. In the event an oral bid is the
highest bid, the bidder thereof shall in like manner immediately deposit not
less than 20 percent of the amount bid.

(c) Fix a time, not less than 3 weeks thereafter,
for a public meeting of the board to be held at its regular place of meeting,
at which sealed bids to lease will be received and considered.

3. Notice of the adoption of the
resolution and of the time and place of holding the meeting shall be given by:

(a) Posting copies of the resolution in three
public places in the county not less than 15 days before the date of the
meeting; and

(b) Publishing the resolution not less than once
a week for 2 successive weeks before the meeting in a newspaper of general
circulation published in the county, if any such newspaper is published
therein.

4. At the time and place fixed in the
resolution for the meeting of the board, all sealed bids which have been
received shall be opened, examined and declared by the board.

5. After all sealed bids have been opened,
examined and declared, the board shall at the same session call for oral bids.
The first such oral bid must exceed by at least 5 percent the highest sealed
bid. Any subsequent oral bid or bids must exceed the amount of the next
preceding oral bid.

6. The highest bid (sealed or oral) made
by a responsible party shall be accepted, either at the same session or at any
adjourned session of the same meeting held within the 10 days next following,
but if the board deems such action to be for the best public interest, it may
reject any and all bids, either written or oral, and withdraw the property from
lease.

7. Any resolution of acceptance of any bid
made by the board shall authorize and direct the chair to execute a lease and
to deliver it upon performance and compliance by the lessee with all the terms
or conditions of his or her contract which are to be performed concurrently
therewith.

8. All moneys received from the leases of
such property shall be deposited forthwith with the county treasurer to be
credited to the county general fund.

(Added to NRS by 1973, 1113; A 1975, 574)

NRS 361.608Leases for development of oil, gas and geothermal resources:
Term of lease.A lease may be for
a fixed period, and so long thereafter as minerals, oil, gas or other
hydrocarbon substances or geothermal resources are produced in paying
quantities from the property leased or mining or drilling operations are
conducted thereon, and, if the lease provides for the payment of a shut-in
royalty, so long as such royalty is paid, and, if the land covered by the lease
is included in an agreement with lessees, operators or owners of other lands
for cooperative development or unit operation of a larger area including the
leased lands, so long as oil, gas or other hydrocarbon substances or geothermal
resources are produced in paying quantities from any of the lands included in
any such agreement or drilling operations are conducted thereon.

(Added to NRS by 1973, 1114)

NRS 361.610Disposition of amounts received from sale price, rents or
redemption of property held in trust; no charge against county for services of
officer; claims for and agreements concerning recovery of excess proceeds;
authorization of person to file claim and collect property.

1. Out of the sale price or rents of any
property of which he or she is trustee, the county treasurer shall pay the
costs due any officer for the enforcement of the tax upon the parcel of
property and all taxes owing thereon, and upon the redemption of any property
from the county treasurer as trustee, he or she shall pay the redemption money
over to any officers having fees due them from the parcels of property and pay
the tax for which it was sold and pay the redemption percentage according to
the proportion those fees respectively bear to the tax.

2. In no case may:

(a) Any service rendered by any officer under
this chapter become or be allowed as a charge against the county; or

(b) The sale price or rent or redemption money of
any one parcel of property be appropriated to pay any cost or tax upon any
other parcel of property than that so sold, rented or redeemed.

3. After paying all the tax and costs upon
any one parcel of property, the county treasurer shall pay into the general
fund of the county, from the excess proceeds of the sale:

(a) The first $300 of the excess proceeds; and

(b) Ten percent of the next $10,000 of the excess
proceeds.

4. The amount remaining after the county
treasurer has paid the amounts required by subsection 3 must be deposited in an
interest-bearing account maintained for the purpose of holding excess proceeds
separate from other money of the county. If no claim is made for the excess
proceeds within 1 year after the deed given by the county treasurer is
recorded, the county treasurer shall pay the money into the general fund of the
county, and it must not thereafter be refunded to the former property owner or
his or her successors in interest. All interest paid on money deposited in the
account required by this subsection is the property of the county.

5. If a person who would have been
entitled to receive reconveyance of the property pursuant to NRS 361.585 makes a claim in writing for the excess
proceeds within 1 year after the deed is recorded, the county treasurer shall
pay the claim or the proper portion of the claim over to the person if the
county treasurer is satisfied that the person is entitled to it.

6. A claim for excess proceeds must be
paid out in the following order of priority to:

(a) The persons specified in paragraphs (b), (c),
(d), (g) and (h) of subsection 4 of NRS 361.585 in
the order of priority of the recorded liens; and

(b) Any person specified in paragraphs (a), (e)
and (f) of subsection 4 of NRS 361.585.

7. The county treasurer shall approve or
deny a claim within 30 days after the period described in subsection 4 for
filing a claim has expired. Any records or other documents concerning a claim
shall be deemed the working papers of the county treasurer and are
confidential. If more than one person files a claim, and the county treasurer
is not able to determine who is entitled to the excess proceeds, the matter
must be submitted to mediation.

8. If the mediation is not successful, the
county treasurer shall:

(a) Conduct a hearing to determine who is
entitled to the excess proceeds; or

(b) File an action for interpleader.

9. A person who is aggrieved by a
determination of the county treasurer pursuant to this section may, within 90
days after the person receives notice of the determination, commence an action
for judicial review of the determination in district court.

10. Any agreement to locate, deliver,
recover or assist in the recovery of remaining excess proceeds of a sale which
is entered into by a person who would have been entitled to receive
reconveyance of the property pursuant to subsection 4 of NRS
361.585 must:

(a) Be in writing.

(b) Be signed by the person who would have been
entitled to receive reconveyance.

(c) Not provide for a fee of more than 10 percent
of the total remaining excess proceeds of the sale due that person.

11. In addition to authorizing a person
pursuant to an agreement described in subsection 10 to file a claim and collect
from the county treasurer any property owed to the person, a person described
in subsection 4 of NRS 361.585 may authorize a
person pursuant to a power of attorney, assignment or any other legal
instrument to file a claim and collect from the county treasurer any property
owed to him or her. The county is not liable for any losses resulting from the
approval of the claim if the claim is paid by the county treasurer in
accordance with the provisions of the legal instrument.

NRS 361.615Liability of county treasurer for failure to perform duties of
trust.Every county treasurer and
his or her successor in office, becoming a trustee under the provisions of this
chapter, shall be liable upon his or her official bond for any misfeasance,
malfeasance, failure or neglect to perform faithfully all the duties of the
trust.

[54:344:1953]

NRS 361.620Payment of penalties, interest and costs into county general
fund.The additional penalties,
interest and costs provided for in this chapter must be paid into the county
general fund for the use of the county.

NRS 361.625Payment of delinquent taxes before sale and institution of suit;
filing of tax receipt.At any time
after June 1 and before the institution of suit, as provided in this chapter,
and before the sale of the property, any delinquent taxpayer may pay to the ex
officio tax receiver the taxes assessed against the delinquent, together with
the penalties and costs provided by law, taking from the ex officio tax
receiver a receipt for the amount paid. In cases where suit has been required,
such receipt shall be filed with the district attorney of the county.

[38:344:1953]

NRS 361.630Service of tax receipt upon district attorney: Effect; liability
for negligence.After having been
served by any person with the tax receipt of the ex officio tax receiver for
the total amount of the taxes, penalties and costs due from such person or upon
a piece of property, the district attorney shall not commence the suit
authorized by this chapter against such person or property. If any person shall
fail to serve the receipt, that person shall pay all costs that may result from
his or her negligence.

[39:344:1953]

NRS 361.635Preparation and delivery of certified lists of delinquencies to
district attorney; commencement of action.

1. Not later than the second Monday in
June, the county treasurer:

(a) May, and shall when directed by the board of
county commissioners, prepare and deliver to the district attorney of the
county a list certified by the county treasurer of all accumulated delinquent
taxes, exclusive of penalties and assessments of benefits of irrigation
districts, of the sum of $3,000 or more.

(b) May prepare and deliver to the district
attorney of the county, a list certified by the county treasurer of all
accumulated delinquent taxes, exclusive of penalties and assessments of benefits
of irrigation districts, of the sum of $1,000 or more but less than $3,000.

2. If the delinquent taxes specified in
the certified list, and penalties, interest and costs, are not paid to the
county treasurer as ex officio tax receiver within 20 days after the date of
delivery of the certified list to the district attorney, the district attorney
may, and shall when directed by the board of county commissioners, immediately
commence an action for the collection of the delinquent taxes, penalties, interest
and costs.

3. The remedy prescribed by this section
is in addition to any other remedies provided by law for the collection of
delinquent taxes, penalties, interest and costs.

NRS 361.640Additional bond of district attorney.Before
receiving the delinquent list as provided in NRS
361.635, the district attorney shall enter into such additional bond as may
be required by the board of county commissioners.

[Part 42:344:1953]

NRS 361.645Evidentiary effect of list of delinquent taxes and certificate
of assignment of tax lien.

1. The delinquent list or a copy thereof
certified by the county treasurer showing unpaid taxes against any person or
property is prima facie evidence in any court in an action commenced by the
district attorney pursuant to the provisions of this chapter to prove:

(a) The assessment.

(b) The property assessed.

(c) The delinquency.

(d) The amount of taxes due and unpaid.

(e) That all the forms of law in relation to the
assessment and levy of those taxes have been complied with.

2. A certificate of assignment of a tax
lien issued pursuant to NRS 361.7303 to 361.733, inclusive, or a copy thereof which is
certified by the county treasurer and which indicates the assignment of a tax
lien to collect unpaid taxes on a parcel of real property is prima facie
evidence in any court in an action commenced by the assignee to prove:

(a) The assessment.

(b) The property assessed.

(c) The delinquency.

(d) That all the forms of law in relation to the
assessment and levy of those taxes and the assignment of the tax lien have been
complied with.

1. Actions authorized by NRS 361.635 must be commenced in the name of the State
of Nevada against the person or persons so delinquent, and against all owners,
known or unknown.

2. An action authorized by NRS 361.733 must be commenced in the name of the
assignee of the tax lien against the person or persons delinquent in the
payment of the taxes on the parcel of real property which is the subject of the
tax lien and against all owners, known or unknown, of that parcel.

3. Any action described in subsection 1 or
2 may be commenced in the county where the assessment is made, before any court
in the county having jurisdiction of the amount thereof. The jurisdiction must
be determined solely by the amount of delinquent taxes, exclusive of penalties
and costs sued for, without regard to the location of the lands or other
property as to townships, cities or districts, and without regard to the
residence of the person or persons, or owner or owners, known or unknown.

NRS 361.655Form of complaint by district attorney.The
complaint in an action brought by the district attorney may be as follows in
form:

In the (Title of Court)

State of Nevada }

v. } Complaint

A.B. & Co., and the real estate
and }

improvements in (describing them). }

The State of Nevada, by C.D.,
district attorney of the county of ................................, complains
of A.B. and also the real estate and improvements (describing them with the
same particularity as in actions of ejectment, or actions for the recovery of
personal property), and for cause of action says that between July 1, of the
year ......, and January 2, of the year ......, in the county of
................, in the State of Nevada, E.F., then and there, being county
assessor of the county, did duly assess and put down on an assessment roll all
the real and personal property in the county subject to taxation, and that the
assessment roll was afterward submitted to the county board of equalization of
the county, and was by the board duly equalized as provided by law; that A.B.
was then and there the owner of, and that there was duly assessed to A.B. the
above-described real estate, improvements upon real estate and certain personal
property, and that upon such property there has been duly levied for the fiscal
year ...... a state tax of ................ dollars, and a county tax of
................ dollars, amounting in the whole to ................ dollars,
all of which is due and unpaid; of which amount ................ dollars was
duly assessed and levied against the real estate, and ................ dollars
against the improvements aforesaid, and ................ dollars against the
personal property.

Wherefore, plaintiff prays
judgment against A.B. for the sum of ................ dollars (the whole of the
tax) and all penalties and costs, and a separate judgment against the real
estate and improvements, for the sum of ................ dollars (the tax due
on real estate, improvements, and personal property) and all penalties and
costs, as provided by law, and for such other judgment as to justice belongs,
and for all costs subsequent to the assessment of the taxes, and of this
action.

NRS 361.660Complaint and summons may contain more specific description of
property than is contained in assessment roll.

1. In all suits brought by the district
attorney for delinquent taxes, the district attorney is authorized and
empowered to make, in the summons and complaint, additional and more certain
description than that contained in the assessment roll of the real property
assessed and upon which suit is brought for the taxes due thereon, as the
district attorney may deem proper, whether the same is an estate in fee,
possessory claims, or claim to or right of possession to any lands.

2. Where such additional description is
made, evidence may be introduced to prove that the property described in the
summons and complaint is the same property as that described in the assessment
roll; but the complaint and summons shall aver such fact, and the judgment and
execution and all proceedings thereafter shall follow the description given in
the assessment roll and the additional description given in the summons and
complaint.

[45:344:1953; A 1954, 29]

NRS 361.665Issuance of summons.Upon
a complaint being filed in a district court, a summons shall be issued as
provided in other civil cases, except that it shall require the defendant and
all owners of or claimants to any real estate or improvements described in the
summons, known or unknown, to appear and answer the complaint filed in the court
on a day certain, which day shall not be less than 30 days nor more than 40
days from the date of the summons.

[Part 46:344:1953]

NRS 361.670Service of summons on personal defendant and real estate and
improvements.The summons so
issued must be served by the sheriff, as follows:

1. As to the personal defendant, by
delivering to and leaving with him or her a copy of the summons if he or she is
found within the county. If the personal defendant cannot, after diligent
search, be found within the county, service may be made upon that personal
defendant by publishing a notice, substantially in the form described in NRS 361.680, if the action is brought by a district
attorney, in a newspaper published in the county once each week for 3
successive weeks. If no newspaper is published in the county, or a newspaper is
published in the county and, from any cause whatever, the proprietor, manager
or chief clerk of that newspaper refuses to publish the notice, such facts to
be shown by affidavit of the officer serving the summons, the notice prescribed
by NRS 361.680 may be posted at the courthouse door
of the county in which the suit is commenced for 21 days. No order of court is
necessary for such publication or posting, but the sheriff shall publish or
post the notice as provided in this section when the personal defendant cannot
be found within the county, and shall return the manner of service on the
summons.

2. As to real estate and improvements
thereon, or improvements when assessed to a person other than the owner of the
real estate, and as to all owners of or claimants to the same, known or
unknown, service of the summons may be made by posting a copy of the summons in
a public place on the real estate, or improvements, when assessed separately,
for 21 days, and also by publishing or posting a notice in the same manner and
for the same time as required in cases where the personal defendant cannot be
found in the county.

NRS 361.675Publication and posting to be completed 10 days before date set
for appearance; return as conclusive evidence of service.

1. The last publication of the notice, and
the last day of the 21 days which the copy of the summons is required to be
posted, shall expire at least 10 days before the return day named in the
summons.

2. No other or further service shall be
required. The return of the officer, showing a service of the summons upon the
defendant named, the real estate and improvements thereon, when assessed
separately, and upon all owners of and claimants to the same, known or unknown,
shall be conclusive evidence of the due service of the summons.

[Part 46:344:1953]

NRS 361.680Form of notice of action by district attorney.In an action brought by the district attorney,
the notice required to be published or posted must be substantially in the
following form and may include any number of cases in which the return day of
the summons is the same:

State of Nevada }

} District
Attorney’s Office

County of.............................. }

Notice of Suits Commenced

To the following-named
defendants, and to all owners of, or claimants to, the real estate and
improvements, when assessed separately, hereinafter described, known or
unknown.

You are hereby notified that
suits have been commenced in (name of court where held) by the State of Nevada,
plaintiff, against each of the defendants hereinafter named, and each of the
following-described tracts or parcels of land with the improvements thereon,
and improvements when separately assessed, and all owners of, or claimants to
the same, known or unknown, to recover the tax and delinquency assessed to the
defendant against the property, for the fiscal year commencing
................, and ending ................, and that a summons has been duly
issued in each case; and you are further notified that unless you appear and
answer to the complaint filed in such cause, on or before the ............. day
of the month of ............ of the year ......, judgment will be taken against
you and the real estate and improvements herein described, for the amount of
tax and delinquency specified, and cost of suit.

NRS 361.685Notices and affidavits: Filing with county recorder; evidentiary
effect of copies; costs.

1. The district attorney or the assignee
of a tax lien assigned pursuant to NRS 361.7303 to
361.733, inclusive, shall file in the office of the
county recorder a copy of each notice published or posted, with the affidavit
of the publisher or foreman in the office, setting forth the date of each
publication of the notice in the newspaper in which the notice was published.

2. The officers shall file a copy of the
notices posted, with an affidavit of the time and place of posting.

3. Copies so filed or certified copies
thereof are prima facie evidence of all the facts contained in the notice or
affidavit, in all courts in the State.

4. The publishers are entitled to not more
than the legal rate for each case for publishing a notice, including the making
of the affidavit.

5. The county recorder is entitled to 50
cents for filing each notice of publication, including the affidavit.

6. The sums allowed must be taxed and
collected as other costs in the case from the defendant, and in no case may
they be charged against or collected from the county or State.

NRS 361.690Entry of default and final judgment on failure of defendant to
appear.

1. If, on the return day named in the
summons, the personal defendant fails to appear and answer the complaint, his
or her default may be entered and final judgment entered by the clerk, as in
other civil cases, for the amount of taxes with penalties and costs as provided
by law.

2. If, upon the return day, no person
appears and answers for the real estate and improvements thereon, or for the
improvements when assessed separately, then the default of the real estate and
improvements thereon, or of the improvements when assessed separately, and of
all owners of or claimants to the same, known or unknown, may be entered and
final judgment rendered as in other civil cases.

[Part 46:344:1953]

NRS 361.695Answer of defendant.The
defendant may answer by a verified pleading:

1. That the taxes, penalties, interest and
costs have been paid before suit.

2. That the taxes, penalties, interest and
costs have been paid since suit, or that the property is exempt from taxation
under the provisions of this chapter.

3. Denying all claim, title or interest in
the property assessed at the time of the assessment.

4. That the land is situated in, and has
been assessed in, another county, and the taxes thereon paid.

5. Alleging fraud in the assessment, or
that the assessment is out of proportion to and above the taxable value of the
property assessed. If the defense is based upon the ground that the assessment
is above the taxable value of the property, the defense is only valid as to the
proportion of the tax based upon the excess of valuation, but in no such case
may an entire assessment be declared void.

6. If the action is brought by the
assignee of a tax lien assigned pursuant to NRS
361.7303 to 361.733, inclusive, that the
assignment did not comply with the provisions of NRS
361.7303 to 361.733, inclusive.

7. If the action is brought by the
assignee of a tax lien assigned pursuant to NRS
361.7303 to 361.733, inclusive, that the
defendant has redeemed the tax lien pursuant to NRS
361.7326.

1. In case judgment is rendered for the
defendant, it shall be general, without costs, and may be entered in favor of
some one or more of them, and against others, as in other civil cases; but when
defendants have no claim or title to the property at the time of assessment,
judgment may, notwithstanding, be entered against the property by continuing
the suit and summoning the owner, known or unknown, as provided in NRS 361.670.

2. In case judgment is rendered for the
plaintiff, it may be entered against such defendant or defendants as are found
liable for the tax, and for such portions as he, she or they may be found
liable for.

3. Judgment may be entered against the
real estate, improvements and personal property for the taxes, penalties and
costs severally due thereon; and when it appears from the assessment roll, and
is not disproved at the trial, that the real estate, improvements and personal
property belonged to the same person or persons at the time the assessments
were made, then the whole tax of such person or persons for that year may be
recovered out of any such real estate, improvements or personal property, or
out of any other property of the defendant or defendants, at the time of levy
under execution; but upon such real estate and improvements assessed, a lien
shall attach for the taxes and penalties due upon the personal property, and
shall not be released from such lien until all taxes, penalties and costs are
paid, as provided in NRS 361.450.

4. Such judgment shall be a lien as in
other civil cases where judgments are rendered in the district court. Such lien
shall not be extinguished until the delinquent tax, penalties and costs of suit
and sale shall have been paid.

5. The clerk of the district court may
issue execution upon judgments rendered in his or her court as in other civil
cases.

6. Judgment may be rendered by default,
for want of an answer, as in other civil cases.

7. In case any person shall be sued for
taxes on any lands or improvements of which he or she was the owner, or in
which he or she had a claim or interest at the time of the institution of suit,
and shall be discharged from personal liability under an answer in conformity
with subsection 3 of NRS 361.695, and such lands or
improvements shall be sold under a judgment obtained against it, and shall
thereafter be redeemed by such discharged defendant, or if he or she shall pay
the taxes and costs to prevent a sale, then such personally discharged
defendant shall have, and is hereby given, the right of recovery over against
the owner at the time of the assessment, or any subsequent purchaser, for the
full sum of all taxes, penalties and costs, or redemption money paid.

8. No court shall, in any action now or
hereafter instituted under this chapter, award liquidated or other damages.

9. The receipt of the district attorney
for taxes, penalties and costs, or of the ex officio tax receiver for the
redemption money, shall be prima facie evidence of the debt and of its amount.

10. The tax receiver and all officers are
empowered and directed to accept taxes due, exclusive of penalties, interest
and taxes, if the property has not been sold by reason of such delinquency.

[48:344:1953]

NRS 361.705Effect of deeds derived from sale of real property.Any deed derived from the sale of real
property under this chapter shall be conclusive evidence of the title, except
as against actual frauds or the payment of the taxes by a person not a party to
the action or judgment in or upon which such sale was made, and shall entitle
the holder thereof to possession of such property, which possession may be
obtained by an action in a Justice Court for the unlawful withholding thereof
in the same manner as where tenants hold over after the expiration of their
lease.

[Part 49:344:1953; A 1954, 29]

NRS 361.710Applicability of NRS, N.R.C.P. and NRAP to proceedings.The provisions of title 2 of NRS and the
Nevada Rules of Civil Procedure and Nevada Rules of Appellate Procedure, so far
as the same are not inconsistent with the provisions of this chapter, are
hereby made applicable to the proceedings under this chapter.

[Part 49:344:1953; A 1954, 29]

NRS 361.715Fees of officers; taxing and apportionment of costs.

1. There shall be allowed to all officers,
except district attorneys, the same fees as are allowed in other civil cases.
All officers shall perform such services as may be required of them under this
chapter without the payment of fees in advance.

2. All costs shall be taxed and entered in
the judgment against the person and the real estate and the improvements, when
the judgment is the same against all; but if the judgment against the person
and the property is for different sums, then the costs may be apportioned by
the court as the same may be deemed just.

3. No fees or costs shall be paid to any
officer unless the same are collected from the defendant except when property
sold for taxes is purchased by the county, in which case the county shall pay
all fees and costs properly charged or taxed against such property, and the
board of county commissioners shall allow the fees and costs provided for in
this section, and direct the same to be paid out of the general fund of the
county.

[55:344:1953]

NRS 361.720Duties of district attorney on collection of delinquent taxes.

1. The district attorney shall:

(a) On the receipt of any money for taxes, enter
the same on his or her delinquent list, opposite the description of the
property;

(b) On Monday in each week, after the time fixed
in this chapter for the commencement of actions against delinquent taxpayers,
pay to the county treasurer all money collected by the district attorney for
taxes, taking a receipt for the amounts so paid; and

(c) At the same time, file with the county
auditor a list of all judgments obtained by the district attorney up to the
date for taxes under the provisions of this chapter, stating therein:

(1) The names of the defendants, if known,
or if unknown, a description of the property.

(2) The amount of each judgment.

(3) The name of the court in which the
judgment was obtained.

2. On the Friday next preceding the first
Monday in September in each year, the district attorney shall:

(a) Pay to the county treasurer all money
received by the district attorney from taxes and not previously paid over,
taking a receipt therefor;

(b) File with the county auditor a list of all
judgments obtained by the district attorney and not previously filed as
provided in subsection 1; and

(c) Make out and file with the county auditor an
affidavit stating that the district attorney has paid to the county treasurer
all money collected by him or her for taxes prior to that date, and that the
several lists filed by the district attorney, as directed in this section,
contain all judgments obtained by him or her under the provisions of this
chapter.

[56:344:1953]

NRS 361.725Return of list of delinquent taxes and statement of those
remaining uncollected to county auditor; board of county commissioners may
strike off uncollectible taxes.

1. On the first Monday of September and
May in each fiscal year, the district attorney shall attend at the office of
the county auditor with the delinquent list or lists, and the county auditor
shall then carefully compare the same with the statements filed by the district
attorney. If the same shall be found to be correct, the county auditor shall
give to the district attorney a receipt specifying the same.

2. The district attorney shall at the same
time deliver to the county auditor a written statement of all delinquent taxes
upon the delinquent list or lists remaining uncollected, or for which suit has
not been brought, with his or her reason in detail for not being able to
collect the same, or for not bringing suit.

3. The county auditor shall immediately
file the delinquent list or lists and statement with the clerk of the board of
county commissioners, and the board of county commissioners shall revise the
same by striking off such taxes as cannot be collected. The delinquent list or
lists must then be returned to the county auditor, who shall note the changes
made and shall then return the same to the district attorney, taking his or her
receipt therefor.

NRS 361.730Penalties for district attorney failing or refusing to pay over
tax money.If any district
attorney shall fail or refuse to pay any money collected by him or her for
taxes to the county treasurer as provided in this chapter, the district
attorney shall:

1. Forfeit his or her office and shall be
removed forthwith therefrom; and

2. Be guilty of a gross misdemeanor.

[58:344:1953]—(NRS A 1967, 560)

Assignments of Tax Liens

NRS 361.7303Definitions.As
used in this section and NRS 361.7303 to 361.733, inclusive, unless the context otherwise
requires, the words and terms defined in NRS 361.7307
and 361.731 have the meanings ascribed to them in
those sections.

NRS 361.731“Tax lien” defined.“Tax
lien” means a perpetual lien which remains against a parcel of real property
until the taxes assessed against that parcel and any penalties, interest, fees
and costs which may accrue thereon are paid:

1. To the county treasurer; or

2. If the lien is assigned pursuant to NRS 361.7303 to 361.733,
inclusive, to the assignee or any successor in interest of the assignee.

1. If any taxes assessed against a parcel
of real property pursuant to this chapter are delinquent and the requirements
of NRS 361.7316 are otherwise satisfied, an owner
of the property may authorize the county treasurer of the county in which the
property is located to assign to an assignee the tax lien on the property. Any
such authorization must be in writing and acknowledged by the owner before a
notary public.

2. An authorization given pursuant to this
section must be made pursuant to a separate written agreement between the owner
and the assignee. The agreement:

(a) Must provide that:

(1) The owner may redeem the tax lien by
paying to the assignee the amounts required by the agreement, in the manner
provided by the agreement; and

(2) The assignee is required to issue a
release of the tax lien to the owner within 20 business days after the owner
pays in full the amounts required by the agreement and otherwise fully performs
the owner’s obligations under the agreement.

(b) May provide for payment by the owner to the
assignee of:

(1) The amount paid by the assignee to the
county treasurer pursuant to NRS 361.7312 as
consideration for the assignment;

(2) Fees for recording and other expenses
incurred by the assignee in connection with the authorization and assignment,
the total of which must not exceed $600 if the property is a single-family
residence occupied by the owner;

(3) Interest on the foregoing amounts,
until paid as provided by the agreement, at a rate not to exceed 15 percent per
annum; and

(4) Any costs reasonably and necessarily
incurred by the assignee to enforce the agreement or the tax lien, including,
without limitation, attorney’s fees and costs of suit, if the owner does not
redeem the lien or otherwise does not perform in accordance with the agreement.

(c) May provide for either or both of the
following remedies if the owner fails to redeem the tax lien or otherwise fails
to perform in accordance with the agreement:

(1) An action by the assignee for
collection of the amounts due pursuant to the agreement, as provided by law for
the enforcement of contracts in writing; and

(2) An action by the assignee for
collection of the taxes, penalties, interest, fees and costs relating to the
tax lien, in the manner provided by NRS 361.625 to 361.730, inclusive, except insofar as any provision of
those sections applies only to the district attorney of the county or an action
commenced by the district attorney.

3. The assignee shall cause the agreement
described in subsection 2, with the certificate of assignment of the tax lien
issued pursuant to NRS 361.7318, to be recorded in
the office of the county recorder of the county in which the property is
located.

1. Except as otherwise provided in subsection
2, a county treasurer shall assign a tax lien against a parcel of real property
upon which the taxes are delinquent if the assignee:

(a) Presents the county treasurer with:

(1) Written authorization for the
assignment, duly executed by the owner of the property in accordance with NRS 361.7311; and

(2) Evidence that the assignee has posted
and maintains the bond required by NRS 361.7314 in
the penal sum required by that section, or an affidavit showing that the
assignee is exempt from the requirement pursuant to subsection 4 of that
section; and

(b) Tenders to the county treasurer the full
amount of the delinquent taxes assessed against the property and any applicable
penalties, interest, fees and costs. Payment must be made in cash or by
certified check, money order or wire transfer.

2. A county treasurer may not assign a tax
lien to a government, governmental agency or political subdivision of a
government.

3. An assignment of a tax lien pursuant to
this section does not affect the priority of the tax lien.

(b) Conditioned to provide indemnification to any
owner of real property in this State with respect to which a tax lien is
assigned to the assignee if the owner is determined to have suffered damage as
a result of the assignee’s wrongful failure or refusal to perform the
obligations of the assignee under an agreement entered into pursuant to NRS 361.7311.

2. No part of the bond required by this
section may be withdrawn while any agreement entered into pursuant to NRS 361.7311, to which the assignee is a party,
remains in effect with respect to real property in this State.

3. Except as otherwise provided in
subsection 4, each assignee shall annually submit to the Secretary of State a
written statement, made under penalty of perjury:

(a) That the assignee has posted the bond
required by this section; and

(b) Stating the name and business address of the
surety or person with whom the bond has been posted.

Ê Any assignee
or other person who knowingly makes or causes to be made a false statement to
the Secretary of State pursuant to this subsection is guilty of a misdemeanor.

4. The provisions of this section do not
apply to any assignee who is related within the third degree of consanguinity
to the owner of the real property that is the subject of the assignment.

1. A county treasurer may assign a tax
lien against a parcel of real property at any time after the taxes on that
parcel become delinquent and before judgment in favor of the county is entered
pursuant to NRS 361.700 if:

(a) The parcel is on the secured roll; and

(b) The taxes on the parcel are delinquent
pursuant to the provisions of NRS 361.483.

2. If two or more parcels are assessed as
a single parcel, one tax lien may be assigned for that single parcel.

1. The county treasurer shall issue a
certificate of assignment to each assignee of a tax lien.

2. Each certificate of assignment must
include:

(a) The legal description and parcel number of
the real property which is the subject of the tax lien;

(b) The year or years for which the delinquent
taxes were assessed on the parcel;

(c) The name of the owner of the property, if
known;

(d) The amount the county treasurer received for
the tax lien pursuant to NRS 361.7312; and

(e) A statement that the amount indicated on the
certificate bears interest at the rate established by the agreement entered
into pursuant to NRS 361.7311.

3. Notwithstanding the provisions of NRS 104.9109, a security interest in a
certificate of assignment may be created and perfected in the manner provided
for general intangibles set forth in NRS
104.9101 to 104.9709, inclusive.

NRS 361.732Issuance of duplicate certificate of assignment.If an assignee requests the county treasurer
to issue a duplicate certificate of assignment, the assignee must submit to the
county treasurer a notarized affidavit which attests that the original
certificate was lost or destroyed. The county treasurer shall, upon receipt of
the affidavit, issue to the assignee an exact duplicate of the certificate of
assignment.

NRS 361.7322Record of assignment.The
county treasurer shall make a notation in his or her records whenever he or she
assigns a tax lien pursuant to the provisions of NRS
361.7303 to 361.733, inclusive.

NRS 361.7324Procedure when taxes on parcel again become delinquent during
year after tax lien sold.Repealed.
(See chapter 331, Statutes of Nevada 2013, at page 1567.)

NRS 361.7326Redemption of tax lien after assignment: Amount of required
payment; issuance, contents and recording of release of lien.

1. An owner of property may redeem a tax
lien assigned pursuant to the provisions of NRS
361.7303 to 361.733, inclusive, without a
prepayment penalty at any time after the assignment by paying the amounts owed
to the assignee under the agreement entered into pursuant to NRS 361.7311.

2. If an owner who redeems the tax lien
has been served with a summons pursuant to NRS 361.670,
the owner must pay the costs incurred by the assignee to commence the action.

3. Within 20 business days after the
redemption of the tax lien, the assignee shall issue a release of the lien to
the owner.

4. A release issued pursuant to subsection
3 must include:

(a) The legal description and parcel number of
the property which is the subject of the tax lien;

(b) The year or years for which the taxes related
to the lien were assessed on the parcel;

(c) The recording information for the documents
recorded pursuant to subsection 3 of NRS 361.7311;
and

(d) The date the tax lien is redeemed.

5. The assignee shall:

(a) Cause the release to be recorded in the
office of the county recorder of the county in which the property is located;
and

(b) Cause a copy of the release to be sent to the
county treasurer of that county.

NRS 361.7328Redemption of tax lien after sale: Notification and payment of
holder of certificate of purchase.Repealed.
(See chapter 331, Statutes of Nevada 2013, at page 1567.)

NRS 361.733Commencement of action for collection by assignee; notice of
action and claim.

1. Except as otherwise provided in this
section, if a tax lien is not redeemed pursuant to NRS
361.7326, the assignee may commence an action pursuant to NRS 361.625 to 361.730,
inclusive, for the collection of the delinquent taxes, penalties, interest,
fees and costs owed pursuant to the certificate of assignment and the agreement
entered into pursuant to NRS 361.7311. An assignee
may not commence such an action before the earliest date on which an action
could be commenced by the district attorney of the county pursuant to NRS 361.635.

2. Not later than 60 days before
commencing such an action, the assignee shall cause written notice of the
intended action and the assignee’s claim, stating the amount owed to the
assignee, to be mailed by certified mail to:

(a) The owner of the property at the owner’s last
known address; and

(b) Each of the following persons, as their
interest in the property appears of record:

(1) The beneficiary under any deed of
trust; and

(2) The mortgagee under any mortgage.

3. At any time after notice is given
pursuant to subsection 2 and before the commencement of an action by the
assignee, any person related to the owner of the property within the third
degree of consanguinity or any beneficiary or mortgagee described in subsection
2 may obtain an assignment of the tax lien from the assignee by paying the
assignee the amount then owed to the assignee.

NRS 361.736Definitions.As
used in NRS 361.736 to 361.7398,
inclusive, unless the context otherwise requires, the words and terms defined
in NRS 361.7362 to 361.7372,
inclusive, have the meanings ascribed to them in those sections.

NRS 361.7368“Occupied by the owner” defined.“Occupied
by the owner” means that a single-family residence and the appurtenant land are
held for the exclusive use of an owner, or one or more of the owners, and not
rented, leased or otherwise made available for exclusive occupancy by a person
other than an owner or the owners.

NRS 361.7376Eligibility to file claim for postponement; maximum amount that
may be postponed.

1. The owner of a single-family residence
may file a claim to postpone the payment of all or any part of the property tax
accrued against his or her residence if:

(a) The residence is placed upon the secured or
unsecured tax roll and has an assessed value of not more than $175,000;

(b) He or she or any other owner of the residence
does not own any other real property in this state that has an assessed value
of more than $30,000;

(c) The residence has been occupied by the owner
for at least 6 months;

(d) The owner is not the subject of any proceeding
for bankruptcy;

(e) The owner owes no delinquent property taxes
on the residence for a year other than the year in which the application is
submitted;

(f) The owner has suffered severe economic
hardship that was caused by circumstances beyond his or her control, including,
without limitation, an illness or a disability that is expected to last for a
continuous period of at least 12 months; and

(g) The total annual income of the members of the
owner’s household is at or below the federally designated level signifying
poverty.

2. The amount of property tax that may be
postponed pursuant to the provisions of NRS 361.736
to 361.7398, inclusive, may not exceed the amount
of property tax that will accrue against the single-family residence in the
succeeding 3 fiscal years.

NRS 361.7378Determination of claimant for household.If two or more members of a household are
eligible to file a claim pursuant to NRS 361.738,
the members may determine between themselves who will be the claimant. If they
are unable to agree, the matter must be referred to the Nevada Tax Commission
and its decision is final. Only one claim may be filed for any household.

1. A claim must be filed with the county
treasurer of the county in which the claimant’s single-family residence is
located.

2. The claim must be made under oath and
filed in such form and content, and be accompanied by such information, as the
Department may prescribe to determine the eligibility of the claimant to file
the claim.

3. The claim must be signed by:

(a) The owner or owners of the property;

(b) Any person of lawful age, authorized by an
executed power of attorney to sign an application on behalf of any person
described in paragraph (a); or

(c) The guardian or conservator of any person
described in paragraph (a) or the executor or administrator of such a person’s
estate.

4. The Department or county treasurer
shall provide the appropriate form for filing such a claim to each claimant.

NRS 361.7382Action by county treasurer on claims; review of decisions on
claims.

1. A county treasurer shall, within 30
days after receiving a claim pursuant to NRS 361.738,
determine:

(a) Whether the claimant is eligible to postpone
the payment of the property taxes accrued against his or her single-family
residence;

(b) The amount of property tax, if any, that will
be postponed; and

(c) The period for which the property tax will be
postponed.

2. The county treasurer shall notify the
claimant of his or her decision by first-class mail.

3. Any claimant aggrieved by a decision of
the county treasurer may submit a written petition for a review of that
decision to the Nevada Tax Commission within 30 days after the claimant
receives notice of the decision.

4. Any claimant aggrieved by a decision of
the Nevada Tax Commission is entitled to judicial review.

NRS 361.7384Confidentiality of information contained in claims.Except as otherwise provided by specific
statute, no person may publish, disclose or use any personal or confidential
information contained in a claim except for purposes connected with the
administration of the provisions of NRS 361.736 to 361.7398, inclusive.

NRS 361.7386Issuance, contents and recording of certificates of eligibility.

1. If a claim is approved, the county
treasurer of the county in which the single-family residence is located shall
issue to the claimant a certificate of eligibility. The certificate must be in
a form prescribed by the Department and include:

(a) The name of the claimant;

(b) A legal description of the single-family
residence for which the claimant filed the claim;

(c) The amount of the property tax accrued
against the single-family residence that will be postponed;

(d) The period for which the property tax will be
postponed; and

(e) Such other information as the Department may
require.

2. The county treasurer shall cause to be
recorded with the county recorder of the county in which the single-family
residence is located a copy of the certificate of eligibility issued pursuant
to subsection 1 within 10 days after the claim is approved. The postponement of
the payment of the taxes becomes effective on the date on which the certificate
is filed with the county recorder.

NRS 361.7388Accrual of interest on amounts postponed.Interest accrues on the amount of property tax
postponed pursuant to NRS 361.736 to 361.7398, inclusive, at the rate of 6 percent of the
total amount postponed as of the date the postponed taxes are paid or become
due and payable. Except as otherwise provided in subsection 9 of NRS 361.483, no other penalties or interest accrue
during the period of postponement.

1. Any property tax postponed pursuant to NRS 361.736 to 361.7398,
inclusive, is a perpetual lien against the single-family residence on which it
accrued until the tax and any penalties and interest which may accrue thereon
are paid.

2. The lien attaches from the date on
which a certificate of eligibility is recorded with the county recorder of the
county in which the single-family residence is located pursuant to NRS 361.7386.

3. The property tax postponed must be
collected in the manner provided in this chapter for all taxable property in
this state upon becoming due and payable pursuant to NRS
361.736 to 361.7398, inclusive.

NRS 361.7392Submission of request for statement of amount postponed;
preparation and provision of statement.A
claimant who has postponed the payment of property tax pursuant to NRS 361.736 to 361.7398,
inclusive, may submit to the county treasurer of the county in which the
single-family residence is located a request for a statement of the total
amount postponed as of the date of the request and the interest accrued
thereon. Upon the receipt of such a request, the county treasurer shall prepare
such a statement and provide the claimant with a copy of the statement.

NRS 361.7394Time when postponed amounts become due; payments authorized
before amounts become due.

1. Except as otherwise provided in NRS 361.7396, the payment of property tax postponed
pursuant to NRS 361.736 to 361.7398,
inclusive, becomes due and payable:

(a) If the single-family residence ceases to be
occupied by the claimant, or the claimant sells or otherwise disposes of his or
her possessory interest in the residence;

(b) If the claimant allows any property tax that
has not been postponed on the single-family residence to become delinquent
during the period of postponement;

(c) When the period for which the property tax
will be postponed expires, as indicated in the claimant’s certificate of
eligibility; or

(d) If the claimant dies. If a surviving spouse
or other member of the household is eligible to file a claim to postpone the
payment of property tax accrued on the single-family residence continues to
occupy the residence, the amounts postponed are not due unless that member of
the household dies or ceases to occupy the residence.

2. Payments on the amount of property tax
postponed may be made before they become due and payable.

NRS 361.7396Denial or revocation of claims; penalty and assessment upon
revocation.A county treasurer
shall deny any claim to which a claimant is not entitled. A county treasurer
may deny any claim which he or she finds to have been filed with fraudulent
intent. If any such claim has been approved and is afterward revoked, the
amount of the property tax that was postponed together with a 10 percent
penalty becomes due and payable. If the tax and penalty are not paid, the
amount must be assessed against any real or personal property owned by the
claimant.

NRS 361.7398Criminal penalty.Any
person who willfully makes a materially false statement or uses any other
fraudulent device to secure for himself or herself or any other person the
postponed payment of property tax pursuant to the provisions of NRS 361.736 to 361.7398,
inclusive, is guilty of a gross misdemeanor.

NRS 361.745Quarterly remittances from county treasurer to State Controller;
payments upon order of State Controller.

1. On the third Mondays of July, October,
January and April of each year, each county treasurer shall deposit with the
State Controller all money which has come into his or her hands as county
treasurer for the use and benefit of the State.

2. Each county treasurer shall hold
himself or herself in readiness to settle and pay all money in his or her hands
belonging to the State at all other times whenever required to do so by order
signed by the State Controller, who is authorized to draw such an order
whenever he or she deems it necessary.

1. At least once each quarter and at such
intervals as may be required by the board of county commissioners, the county
treasurer shall apportion all the money that he or she has received as ex
officio tax receiver since the last apportionment into several funds, as
provided by law, and make out a statement of the apportionment under oath and
transmit the statement to the county auditor and to the governing body of each
local government entitled to receive an apportionment of the taxes collected.
The county auditor shall file a copy of the statement in his or her office.

2. A local government that receives an
apportionment from the county treasurer may not submit a claim for interest
earned in a prior fiscal year on the money apportioned, unless the claim is
based solely upon an error in the calculation of the money apportioned in that
prior fiscal year.

NRS 361.765Correction of clerical and typographical errors on tax rolls.

1. If a clerical or typographical error or
errors appear upon the real or personal property tax roll of any county which
have not been corrected by any officer or board vested by law with the duty of
correcting such errors, the county assessor of the county upon whose tax roll
such errors appear shall make a report thereof to the board of county
commissioners of the county.

2. The board of county commissioners shall
thereupon examine the error or errors so reported, together with such evidence
as may be presented in connection therewith, and, if satisfied that the errors
or any of them are purely clerical or typographical shall:

(a) By an order entered in the minutes of the
board authorize and direct the county treasurer to correct the error or errors
so reported so as to conform to the true assessment; and

(b) Deliver a copy of the order to the county
treasurer, who shall thereupon make the corrections and change the tax roll or
rolls in conformity therewith.

3. If it appears that corrections of
mathematical or typographical errors on the tax roll are necessary, the county
assessor may, with the concurrence of the county treasurer, make corrections in
the assessed valuation of any property within the county. When such corrections
are made, the county treasurer shall make such adjustments as are necessary to
the tax rolls for fiscal years within 3 years after the fiscal year for which
the corrections were made. The adjustment may be a full refund or a credit
against taxes due which may be allocated over a period no longer than 3 years.

4. At the end of each fiscal year the
county treasurer shall report to the board of county commissioners all
corrections made under subsection 3 during such fiscal year. The board of
county commissioners shall approve or disapprove each correction reported. The
county treasurer shall make any adjustments to the tax rolls made necessary by
the disapproval by the board of county commissioners of any corrections made.

NRS 361.767Assessment of personal property that was not assessed or was
underassessed.

1. If the county assessor determines that
certain personal property was not assessed, the assessor may assess the
property based upon its taxable value in the year in which it was not assessed.

2. If the county assessor determines that
certain personal property was underassessed because it was incorrectly reported
by the owner, the assessor may assess the property based upon its taxable value
in the year in which it was underassessed. He or she may then send an
additional tax bill for an amount which represents the difference between the
reported value and the taxable value for each year.

3. The assessments provided for in
subsections 1 and 2 may be made at any time within 3 years after the end of the
fiscal year in which the taxes would have been due. The tax bill must specify
the fiscal year for which the tax is due and the applicable rate and whether it
is for property which was not assessed or for property which was underassessed.

4. If property is not assessed or is
underassessed because the owner submitted an incorrect written statement or
failed to submit a written statement required pursuant to subsection 1 of NRS 361.265, there must be added to the taxes due a
penalty in the amount of 20 percent of the tax for each year the property was
not assessed or was underassessed. The county assessor may waive this penalty
if he or she finds extenuating circumstances sufficient to justify the waiver.

NRS 361.768Correction of overassessment of real or personal property
because of factual error; adjustment for partial or complete destruction of
real property improvement or personal property.

1. If an overassessment of real or personal
property appears upon the secured tax roll of any county because of a factual
error concerning its existence, size, quantity, age, use or zoning or legal or
physical restrictions on its use within 3 years after the end of the fiscal
year for which the assessment was made, the county assessor shall make a report
thereof to the board of county commissioners of the county.

2. The board of county commissioners shall
examine the error so reported, together with any evidence presented and, if
satisfied that the error is factual, shall:

(a) By an order entered in the minutes of the
board, direct the county treasurer to correct the error; and

(b) Deliver a copy of the order to the county
treasurer, who shall make the necessary adjustments to the tax bill and correct
the secured tax roll. The adjustment may be a full refund or a credit against
taxes due which may be allocated over a period no longer than 3 years.

3. Partial or complete destruction of a
real property improvement or of personal property may be adjusted pro rata if
the destruction occurred on or after the lien date and the property was
rendered unusable or uninhabitable for a period of not less than 90 consecutive
days. The adjustments may be made in the form of a credit on taxes due or a refund
if taxes have been paid for the period. The county assessor shall notify the
county treasurer of each adjustment. The county assessor shall report
recommended adjustments to the board of county commissioners no later than June
30 of each fiscal year.

1. The county assessor of any county in
which real property is located which is not on the secured roll shall assess
the property and petition the appropriate board of equalization to place the
property on the secured roll for the next tax year. The taxes for the current
year and any prior year must be calculated and collected in the same manner as
if the property had been assessed in those years and placed on the secured
roll.

2. The assessment may be made at any time
within 3 years after the end of the fiscal year in which the taxes would have
been due.

3. The petition must be made to the:

(a) County board of equalization if the
assessment is made on or after July 1 but before February 1; or

(b) State board of equalization if the assessment
is made on or after February 1, but before July 1.

4. The county assessor shall give notice
of the assessment by certified letter to the owner of the property on or before
the date on which the petition is filed pursuant to subsection 1. The notice
must include:

(a) A description of the property;

(b) The years for which the taxes were not paid;

(c) The assessed valuation of the property for
each of the years stated in paragraph (b); and

(d) A statement informing the property owner of
his or her right to appeal the assessed valuation at a hearing of the
appropriate board of equalization.

NRS 361.770Assessment of newly constructed real property as personal
property when not assessed for current tax year.

1. If newly constructed real property is
not assessed on the secured assessment roll for the current tax year and the
roll has been closed pursuant to NRS 361.310, the
county assessor of any county wherein the property is located shall assess the
property as personal property and give a receipt for the taxes paid thereon in
the amount received by him or her. If the amount of the taxes exceeds $100,
they may be paid in installments as provided in NRS
361.483 for property assessed upon the real property tax roll.

2. An assessment may be made at any time
between July 1 and December 15. The receipt issued by the county assessor must
specify the description of the property, together with the year for which the
tax is paid.

3. Any taxes for property assessed
pursuant to this section which become delinquent must be treated in the same
manner as if the property had been placed on the secured roll.

4. The receipt issued by the county assessor
is conclusive evidence for the payment of all taxes against the property
described for the year named on the receipt and is a complete defense to any
action for taxes which may be brought for the period covered by the receipt.

NRS 361.773Correction of tax rolls to indicate that certain single-family
residences are eligible for partial abatement from taxation.

1. If the tax receiver of a county determines
that a taxpayer has claimed and is entitled to a partial abatement from
taxation for a fiscal year pursuant to NRS 361.4723,
but that the taxpayer for good cause failed to claim the partial abatement
before the extension of the tax roll for that fiscal year pursuant to NRS 361.465, the tax receiver may, with the
concurrence of the tax assessor and without the approval of the board of county
commissioners of that county, correct the tax roll of the county at any time
during that fiscal year to indicate that the affected property is eligible for
that partial abatement for that fiscal year.

2. If the tax receiver corrects the tax
roll of the county pursuant to subsection 1 to indicate that the property of a
taxpayer is eligible for a partial abatement from taxation for a fiscal year,
the taxpayer is entitled to such a tax credit or refund, or combination
thereof, as the tax receiver deems appropriate.

NRS 361.777Priority of partial abatements and partial exemptions from
taxation.Any partial abatements
and partial exemptions to which a person may be entitled from the taxes imposed
pursuant to this chapter must be applied in the following order of priority:

NRS 361.780Procedure for issuance of deed when property sold for delinquent
taxes; contents, recordation and effect of deed.

1. Whenever real property has been sold to
pay for delinquent taxes, and no deed to such property appears of record,
whether the purchaser shall have been an individual or the county treasurer as
trustee for the state and county, upon application to the board of county
commissioners the board may make its order addressed to the proper county
officer requiring such officer to make his or her deed for such property to the
purchaser.

2. The applicant for such deed shall
address his or her application to the board of county commissioners in writing,
and shall state with particularity the need for the deed applied for. The deed,
when issued, shall be in the name of the original purchaser, and shall state
the circumstances of its issuance, and shall be recorded at the expense of the
applicant.

3. The deed when recorded shall have the
same effect as it would have if issued and recorded at the time the property
described therein was sold to pay delinquent taxes.

[1:296:1953] + [2:296:1953] + [3:296:1953]

NRS 361.790Payment of taxes on parcel of real property that is part of
larger parcel upon which taxes are delinquent: Procedure; receipt.

1. Whenever a person has acquired a legal,
equitable, security or vendee’s interest in a parcel of real property, which is
a part of a larger parcel upon which there are delinquent taxes, and the person
offers to tender to the county treasurer, in the county where the real estate
is assessed, his or her prorated share of the tax on the larger parcel,
covering the parcel in which the person has acquired an interest, then the
county treasurer shall make a report of the offer to the board of county
commissioners of the county.

2. The board of county commissioners shall
then examine the report of the county treasurer, and request a report from the
county assessor as to the relative values of each parcel together with such
other evidence as may be presented in connection therewith. If, after reviewing
the report and evidence, the board of county commissioners is satisfied that
the person offering to tender payment of the taxes due has a legal or
beneficial interest in the smaller parcel only, it shall:

(a) Determine what proportion of the assessment
and tax on the entire parcel affected are attributable to the smaller parcel.

(b) Enter an order in the minutes of the board,
directing:

(1) Each officer who has custody of the
tax or assessment roll for the year for which the offer to tender has been made
and for each subsequent year to divide and prorate the assessment and tax
accordingly.

(2) The county treasurer to accept the
prorated tax when tendered and apply it to the proper parcel. If the smaller
parcel has, at any time prior thereto, been conveyed to the county treasurer
pursuant to NRS 361.585, the board shall enter a
further order directing the county treasurer to issue and deliver a deed conveying
the property to the person who has tendered the tax upon payment to the county
treasurer of the cost, penalties and interest chargeable against the prorated
tax for each fiscal period for which the tax remains unpaid, until the time of
conveyance.

(3) The county assessor to assess each
parcel separately thereafter.

(c) Direct the clerk of the board to mail a copy
of the order to the person offering to tender payment.

3. If the board of county commissioners
issues the orders pursuant to subsection 2, the county treasurer shall issue a
receipt to the person when he or she tenders payment of taxes. The receipt is
conclusive evidence for the payment of all taxes assessed against the
particular parcel for which the payment of tax is tendered, and is a complete
defense to any action for taxes due on the parcel which may be brought for the
period covered by the receipt.

4. Each county assessor receiving a
request for a report as provided for in subsection 2 shall submit the report to
the board of county commissioners within 30 days after receipt of the request.

NRS 361.797Allowance for taxes on property admitted to state program for
preservation of railroad lines on which service has been discontinued.

1. As used in this section:

(a) “Program” means the state program established
by NRS 705.425 for the physical
preservation, in place, of property of certain lines of railroad while service
on such lines is discontinued.

(b) “Property” means the trackage and other
operating rail properties of a line of railroad.

(c) “Taxes accrued” means the taxes (exclusive of
special assessments, delinquent taxes and interest) levied on the property of a
line of railroad which are due and payable during July, immediately succeeding
the date on which the owner of the property files a claim for an allowance
under this section.

2. The owner of property which is placed
upon the tax roll and has been admitted to the program by the Department of
Transportation is entitled to an allowance equal to the taxes accrued against
such property.

3. A claim for an allowance under the
program may be filed with the assessor of the county in which the claimant’s
property is located between January 15 and April 30, inclusive. The claim must
be made under oath or affirmation and filed in such form and content and
accompanied by such proof as the Department may prescribe. The county assessor
shall furnish the appropriate form to each claimant.

4. The county assessor shall, within 10
days after receiving a claim, determine the assessed valuation of the property
to which the claim applies and submit the claim to the Department. The
Department shall examine the claim and may obtain from the Department of
Transportation any information necessary to verify whether the line of railroad
which is the subject of the claim has been admitted to the program, and if so,
the date of admission and the identification of the owner of the line.

5. The Department shall grant or deny each
claim and shall notify both the claimant and the county assessor of its
decision not later than June 30.

6. If the claim is granted, the county
assessor immediately shall notify the auditor and ex officio tax receiver of
the county, who shall make such adjustments with respect to the tax roll and
the claimant’s tax bill as are necessary to carry into effect the allowance
granted to the claimant.

7. The ex officio tax receiver of the
county shall send to the Department a statement showing the allowances granted
pursuant to this section. Upon verification and audit of the allowances, the
Department shall authorize reimbursement to the county by the State from money
appropriated for that purpose.

8. The Department shall adopt such
regulations as are necessary to carry out the provisions of this section.

9. Any person who willfully makes a
materially false statement on a claim filed under this section or produces
false proof, and as a result of such false statement or false proof an
allowance is granted to a person not entitled to the allowance, is guilty of a
gross misdemeanor.

1. A person who owns and occupies a
single-family dwelling, its appurtenances and the land on which it is located,
free and clear of all encumbrances, except any unpaid assessment for a public
improvement, may, not later than June 13, 2005, apply to the county assessor to
establish allodial title to the dwelling, its appurtenances and the land on
which it is located. One or more persons who own such a home in any form of
joint ownership may, not later than June 13, 2005, apply for the allodial title
jointly if the dwelling is occupied by each person included in the application.
The application must be made on a form prescribed by the State Treasurer. The
county assessor may require that the application be accompanied by a
nonrefundable processing fee of not more than $25. If collected, the fee must
be deposited in the county general fund and used to pay any expenses incurred
by the county in carrying out the provisions of NRS
361.900 to 361.920, inclusive.

2. Upon receipt of an application made
pursuant to subsection 1, the county assessor shall transmit the application to
the State Treasurer. The county assessor shall transmit with the application
any additional information required by the State Treasurer.

3. Upon receipt of an application from a
county assessor, the State Treasurer shall determine the amount of money that
would be required to be paid by the owner of the property to establish allodial
title to the property using a tax rate of $5 for each $100 of assessed
valuation on the date of the application. The amount must be separately
calculated to produce an alternative for payment in a lump sum and an
alternative for the payment of installments over a payment period of not more
than 10 years. The amounts must be calculated to the best ability of the State
Treasurer so that the money paid plus the interest or other income earned on
that money will be adequate to pay all future tax liability of the property for
a period equal to the life expectancy of the youngest titleholder of the
property. The State Treasurer shall make a written record of the calculations
upon which the amount was determined. The record must include an annual projection
of the estimated interest and income that will be earned on the money.

4. Upon completion of the calculations
required by subsection 3, the State Treasurer shall notify the requester of the
two amounts.

5. If the homeowner pays the lump sum indicated
by the State Treasurer pursuant to subsection 4 and submits proof satisfactory
to the State Treasurer that the home is a single-family dwelling occupied by
the homeowner and that the home, its appurtenances and the land on which it is
located are owned free and clear of all encumbrances, except any unpaid
assessment for a public improvement, the State Treasurer shall issue a
certificate of allodial title to the homeowner for the home, its appurtenances
and the land on which it is located that is described in the deed for that
property.

6. If the homeowner notifies the State
Treasurer that the homeowner wishes to enter into an agreement with the State
of Nevada to establish allodial title to his or her residence by installments,
the State Treasurer shall execute such an agreement on behalf of the State of
Nevada. The agreement must include a provision for rescission of the agreement
by the homeowner at any time before the last payment is made and a guarantee,
upon such a rescission, of a refund of the unused portion of the installment
payments. The unused portion of the installment payments must be calculated by:

(a) Determining the total amount of all
installment payments made before the date of the rescission plus the income and
interest actually accrued on that money; and

(b) Subtracting from the amount determined
pursuant to paragraph (a) a pro rata share of any expenses incurred by the
State Treasurer that are directly and indirectly related to the investment of
the money in the Allodial Title Trust Account and any costs directly and
indirectly related to the administration of the allodial title program during
the period for which the installment payments were made.

7. The homeowner shall pay the
installments directly to the State Treasurer and shall continue to pay the
current property taxes directly to the county during the period for which the
installment payments are made.

8. Upon receipt of the last installment
payment, which must reflect any increase or decrease in the assessed valuation
of the property since the date of the application, and submission of proof
satisfactory to the State Treasurer that the home is a single-family dwelling
occupied by the homeowner and that the home, its appurtenances and the land on
which it is located are owned free and clear of all encumbrances, except any
unpaid assessment for a public improvement, the State Treasurer shall issue a
certificate of allodial title to the homeowner for the home, its appurtenances
and the land on which it is located that is described in the deed for that
property.

NRS 361.905Duties of State Treasurer and county assessor upon issuance of
certificate; payment of taxes; deficiencies.

1. Immediately upon the issuance of a
certificate of allodial title, the State Treasurer shall transmit a copy of the
certificate to the county assessor of the county in which the property is
located.

2. Upon receipt of such a certificate, the
county assessor shall make a notation on the tax roll and collect no further
taxes from the allodial titleholder for the property, unless the allodial title
is relinquished by the homeowner or his or her heirs.

3. The county assessor shall, in lieu of
all requirements concerning notification of a taxpayer for the amount due
pursuant to this chapter, notify the State Treasurer of the annual taxes due
based on the date of the certificate of allodial title. The State Treasurer
shall pay the amounts due for taxes pursuant to this chapter, as those amounts
become due, from the Allodial Title Trust Account.

4. If, at the time a payment becomes due,
the subaccount for the property upon which the taxes are due does not contain
an amount sufficient to make the payment, the State Treasurer shall make up the
deficiency with money from the Allodial Title Subaccount for Stabilization. If
the money in the Allodial Title Subaccount for Stabilization is not sufficient
to make up the deficiency, the State Treasurer shall use all money available in
the subaccount for the property and the Allodial Title Subaccount for
Stabilization, if any, to make a partial payment of the amount due. If no money
is available in either subaccount, the State Treasurer shall notify the county
treasurer. Any deficiency in tax proceeds resulting from the partial or
nonpayment of taxes pursuant to this section must be borne by each of the
entities that would have received the proceeds, including the State, in the
same proportion as the tax rate of the entity bears to the total tax rate for the
property.

NRS 361.910Duration of validity.Allodial
title established pursuant to NRS 361.900 is valid
for as long as the homeowner continues to own the residence unless he or she
relinquishes the allodial title pursuant to NRS 361.915.

1. A homeowner or heir who has inherited
the property may relinquish the allodial title to the home at any time and
shall relinquish such title:

(a) Upon the sale, lease or other transfer of the
property during the lifetime of the last surviving allodial titleholder of the
property;

(b) Within 150 days after the date on which the
last surviving allodial titleholder no longer occupies the dwelling; or

(c) At the time the home is converted to anything
other than a single-family dwelling occupied by the owner.

2. If the last surviving allodial
titleholder, all allodial titleholders of the residence or all heirs are
required by subsection 1 or choose to relinquish the allodial title, the State
Treasurer must be notified in a written document that is signed by each
allodial titleholder or heir and notarized.

3. Upon receipt of a notice to relinquish
allodial title, the State Treasurer shall prepare a refund of the unused
portion of the money in the Allodial Title Trust Account that is attributable
to the title being relinquished, if any. The unused portion must be calculated
by:

(a) Determining the total amount paid by the
allodial titleholder into the Allodial Title Trust Account plus the income and
interest actually accrued on that money; and

(b) Subtracting from the amount determined
pursuant to paragraph (a):

(1) The amount which was paid out for
taxes from the Allodial Title Trust Account on behalf of the property during
the period for which the allodial title was held;

(2) A pro rata share of any expenses
incurred by the State Treasurer that are directly and indirectly related to the
investment of the money in the Allodial Title Trust Account and any costs
directly and indirectly related to the administration of the allodial title
program during the period for which the allodial title was held; and

(3) Any money removed from the subaccount
for the property pursuant to subsection 3 of NRS
361.920.

4. Immediately upon the acceptance of a
notice to relinquish allodial title, the State Treasurer shall transmit a copy
of the notice to the county assessor of the county in which the property is
located. Upon receipt of such a notice, the county assessor shall make a
notation on the tax roll and proceed to collect all future taxes directly from
the homeowner.

5. Allodial title may not be relinquished
by less than all of the allodial titleholders or heirs of the residence.

NRS 361.920Allodial Title Trust Account; regulations of State Treasurer.

1. The Allodial Title Trust Account is
hereby created in the State General Fund. The State Treasurer shall administer
the Account. The interest and income earned on the money in the Account must be
credited to the Account. The State Treasurer shall expend the money in the
Account to make the payments of property tax on behalf of the residential
properties for which allodial title has been established and not relinquished
and for no other purposes except that not more than 2 percent of the money in
the Account may be used as necessary to pay expenses of the State Treasurer
that are directly related to the cost to invest the money in the Account and to
administer the program. The State Treasurer shall not make any payment from the
money in the Account more than 5 business days before the day on which the
payment becomes due.

2. The State Treasurer shall invest the
money in the Account in obligations which would be legal investments for the
state pursuant to NRS 355.140.

3. The State Treasurer shall maintain a
separate subaccount in the Account for each allodial title and an Allodial
Title Subaccount for Stabilization. Any interest or other income earned on the
money in a subaccount that exceeds the projection of estimated interest and
income made pursuant to subsection 3 of NRS 361.900
for the fiscal year must be transferred to the Allodial Title Subaccount for
Stabilization as soon as practicable after June 30 of that year.

4. The State Treasurer shall adopt such
regulations as are necessary to carry out the provisions of NRS 361.900 to 361.920,
inclusive, to ensure that the Allodial Title Trust Account is efficiently and
securely maintained.